S&P/TSX composite down as telecom stocks fall, U.S. stock markets higher – Winnipeg Free Press

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TORONTO – Canada’s main stock index fell in late-afternoon trading, weighed down by losses in the telecom sector, while U.S. stock markets climbed higher.

The S&P/TSX composite index was down 47.70 points at 21,828.09.

In New York, the Dow Jones industrial average was up 15.45 points at 39,184.97. The S&P 500 index was up 9.28 points at 5,484.37, while the Nasdaq composite was up 60.07 points at 17,939.37.

A street sign along Bay Street in Toronto’s financial district is shown on Tuesday, Jan.12, 2021.THE CANADIAN PRESS/Nathan Denette

The Canadian dollar traded for 73.00 cents US compared with 73.06 cents US on Friday.

The August crude oil contract was down 14 cents at US$83.24 per barrel and the August natural gas contract was down five cents at US$2.42 per mmBTU.

The August gold contract was down US$2.00 at US$2,336.90 an ounce and the…

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