07/18/2017 07:33 EDT | Updated 07/18/2017 07:40 EDT

Gold, oil stocks offset some of TSX fall as most sectors decline

TORONTO — Canada's main stock index was down in late-morning trading, but its losses were limited thanks mostly to the resource sector.

The S&P/TSX composite index was down 50.52 points to 15,114.84, after 90 minutes of trading.

The decline affected most of the TSX subsectors, but gains by oil and gold stocks cushioned the fall.

In New York, the Dow Jones industrial average fell 97.29 points to 21,532.43. The S&P 500 index shed 3.34 points to 2,455.80 and the Nasdaq composite index climbed 5.44 points to 6,319.87

The Canadian dollar was trading at 79.21 cents US, up from an average price of 78.93 cents US on Monday.

The August crude contract was up 44 cents to US$46.46 per barrel and the August natural gas contract was up six cents to US$3.08 per mmBTU.

The August gold contract was up US$7.30 to US$1,241.00 an ounce and the September copper contract was up one cent at US$2.73 a pound.