Toronto stocks lower with US markets closed for holiday – CBC.ca

This post was originally published on this site

The Toronto stock market posted a small loss amid low trading volume and a lack of direction from the U.S. markets, which were shut for the Memorial Day holiday.

The S&P/TSX composite index faded 18.56 points to 14,086.67, pressured by declines in metals and energy stocks.

In late-day electronic trading, the July contract for benchmark North American crude oil was up 27 cents at $49.60 US a barrel, while July natural gas slipped a penny to $2.16 US per mmBtu. August gold shed $9.30 to $1,207.40 US a troy ounce and July copper was off two cents at $2.10 US a pound.

The Canadian dollar was also weaker, edging down 0.08 of a U.S. cent to 76.62 cents US.

New York futures indexes moved higher amid greater optimism about the global economy and signs that the U.S. Federal Reserve Fed intends to keep raising interest rates as long as growth keeps improving.

The Dow Jones industrials futures index was up 50 points at 17,899, while the broader S&P 500 headed 3.70 points higher to 2,101. The Nasdaq futures index gained 12 points to 4,522.