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S&P/TSX composite down in late-morning trading, U.S. stock markets also lower

A signboard is displayed at the TMX in Toronto, Wednesday, Nov. 1, 2023. THE CANADIAN PRESS/Chris Young. CHY/

Canada’s main stock index was down in late-morning trading, weighed down by losses in the base metal and telecom stocks, while U.S. stock markets also fell.

The S&P/TSX composite index was down 24.10 points at 21,294.80.

In New York, the Dow Jones industrial average was down 60.46 points at 38,911.95. The S&P 500 index was down 2.64 points at 5,075.54, while the Nasdaq composite was down 45.67 points at 15,989.63.

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The Canadian dollar traded for 73.67 cents US compared with 73.96 cents US on Tuesday.

The April crude oil contract was down 41 cents at US$78.46 per barrel and the April natural gas contract was up five cents at US$1.86 per mmBTU.

The April gold contract was down US$1.90 at US$2,042.20 an ounce and the May copper contract was down two cents at US$3.83 a pound.

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