S&P/TSX composite edges lower on lower crude prices, U.S. stock markets up

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TORONTO — Canada's main stock index diverged from its U.S. peers ahead of a busy week ahead with the Bank of Canada expected to taper stimulus and the U.S. earnings season getting underway.

The S&P/TSX composite index closed down 24.87 points at 20,233.08.

In New York, the Dow Jones industrial average was up 126.02 points at 34,996.18. The S&P 500 index was up 15.08 points at 4,384.63, while the Nasdaq composite was up 31.32 points at 14,733.24.

The Canadian dollar traded for 80.19 cents US compared with 80.15 cents US on Friday.

The August crude oil contract was down 46 cents at US$74.10 per barrel and the August natural gas contract was up 7.5 cents at US$3.75 per mmBTU.

The August gold contract was down US$4.70 at US$1,805.90 an ounce and the September copper contract was down three cents at US$4.32 a pound.

This report by The Canadian Press was first published July 12, 2021.

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

The Canadian Press

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