S&P/TSX composite ends losing week down on faltering energy sector

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TORONTO — Canada's main stock index dipped to cap a losing week as COVID-19 virus and vaccine concerns weighed on the energy sector.

The S&P/TSX composite index closed down 70.29 points to 17,845.91.

In New York, the Dow Jones industrial average was down 179.03 points at 30,996.98, the S&P 500 index was down 11.60 points at 3,841.47, while the Nasdaq composite was up 12.14 points at 13,543.06.

The Canadian dollar traded for 78.64 cents US compared with 79.2 cents US on Thursday.

The March crude contract was down 86 cents US at US$52.27 per barrel and the March natural gas contract was down 4.1 cents US at nearly US$2.46 per mmBTU.

The February gold contract was down US$9.70 at $1,856.20 an ounce and the March copper contract was down about 2.1 cents at almost US$3.63 a pound.

This report by The Canadian Press was first published Jan. 22, 2021.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press