NEWS
08/08/2016 07:18 EDT | Updated 08/09/2017 01:12 EDT

Toronto stock market gets boost from resource sector, loonie little-changed

TORONTO — The Toronto Stock Exchange is up moderately this morning, gaining strength from resource and financial stocks.

The S&P/TSX index has advanced 88.68 points to 14,737.45 — above the previous 52-week intraday high —  with shares of mining, energy and financial services companies leading the way forward.

In New York, the major U.S. indexes were down marginally.

The Dow Jones industrial average retreated 14.48 points to 18,529.05 while the broader S&P 500 composite index dipped 1.45 points to 2,181.42 and the Nasdaq composite lost 11.1 points to 5,210.02.

The Canadian dollar was at down 0.05 of a U.S. cent to 75.91 cents US. The loonie had dropped four-fifths of a cent on Friday after Statistics Canada reported unexpectedly weak jobs and trade figures.

Meanwhile, the September crude contract was up $1.16 at US$42.96 per barrel — hovering around a two-week high — and September natural gas was down 6.5 cents at US$2.71 per mmBTU. December gold fell $3.20 to US$1341.10 an ounce and September copper contracts rose a penny to US$2.16 a pound.