S&P/TSX composite edges down in late morning trading, U.S. stock markets also drop
Canada’s main stock index dropped in late-morning trading as the price of oil stayed below US$70 a barrel and losses in the base metal and battery metal stocks weighed on the Toronto market.In New York, the Dow Jones industrial average was down 203.96 points at 33,742.75. The S&P 500 index was down 31.57 points at 4,350.32, while the Nasdaq composite was down 143.93 points at 13,486.68.Trending NowThe August crude oil contract was down US$1.00 at US$68.
The August gold contract was up US$12.40 at US$1,936.10 an ounce and the July copper contract was down nine cents at US$3.80 a pound.
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