10/17/2016 07:22 EDT | Updated 10/18/2017 01:12 EDT

TSX up, New York stock markets lower to kick off the week; oil heads lower

TORONTO — Canada's main stock index climbed into positive territory in late-morning trading, lifted by gains in gold and materials stocks.

The S&P/TSX composite index was up by 20.41 points at 14,605.40.

Investors also shied away from making any major moves in the U.S., as the Dow Jones industrial average lost 19.75 points at 18,118.63 and the S&P 500 faded 2.76 points at 2,130.22. The Nasdaq composite dipped 4.45 points at 5,209.71.

The Canadian dollar saw an uptick of 0.02 of a cent to 76.09 cents US.

In commodities, oil slumped as the November crude contract was down 81 cents at US$49.54 per barrel and November natural gas fell four cents to US$3.25 per mmBtu.

The December gold contract added US$1.70 to US$1,257.20 an ounce and December copper contracts were unchanged at US$2.11 a pound.

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