The Toronto stock market retreated amid lower commodities
after a sharp run-up this week fuelled via higher oil prices.
The S&P/TSX composite index diminished 30.09 points to
thirteen,881.20 as the fee of benchmark crude retreated $1 to US$forty three.18
a barrel.
Oil had closed at a five-month excessive on Wednesday on
tremendous records about U.S.
crude inventories.
The decline in crude also weighed on the Canadian dollar,
with the oil-sensitive loonie losing almost half a cent, falling 0.forty eight
of a U.S. cent to 78.57 cents US.
someplace else on commodity markets, the may settlement for
natural gasoline was unchanged at US$2.07 per mmBtu; whilst the may
additionally copper contract introduced a penny to US$2.25 a pound and the June
gold agreement shed $4.10 to US$1,250.30 a troy ounce.
The Dow Jones commercial common registered a 113.75-factor
decline to 17,982.fifty two, whilst the S&P 500 lost 10.92 factors to
two,091.48. The tech-heavy Nasdaq edged down 2.24 points to 4,945.89.
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