Toronto stock market steps back in late-morning trading, loonie slips

TORONTO — Canada’s main stock index fell in late-morning trading as the influential financial and materials sectors lost ground, while the loonie lost nearly half a cent against the U.S. dollar.

The S&P/TSX composite index was down 35.65 points to 15,416.99, after 90 minutes of trading.

In New York, the Dow Jones industrial average was down 170.33 points to 25,049.05. The S&P 500 index was down 8.53 points to 2,723.69 and the Nasdaq composite index was up 19.94 points to 7,259.41.

The Canadian dollar was trading at 79.27 cents US, down from an average price of 79.74 cents US on Friday.

The April crude contract was up five cents to US$61.60 per barrel and the March natural gas contract was up eight cents at US$2.64 per mmBTU.

The April gold contract was down US$16.30 to US$1,339.90 an ounce and the March copper contract was down seven cents to US$3.18 a pound.

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