08/02/2017 07:12 EDT | Updated 08/02/2017 08:00 EDT

S&P/TSX composite index creeps higher as Canadian dollar loses ground

TORONTO — Canada's main stock index crept higher in late-morning trading as the loonie fell.

The S&P/TSX composite index was up 17.48 points to 15,219.58 after 90 minutes of trading.

In New York, the Dow Jones industrial average advanced 17.70 points to 21,981.62, the S&P 500 index was down 8.35 points to 2,468.00 and the Nasdaq composite index declined 38.95 points to 6,323.99.

The Canadian dollar was trading at 79.54 cents US, down from an average price of 79.91 cents US on Tuesday.

The September crude contract slipped 30 cents to US$48.86 per barrel and the September natural gas contract was unchanged at US$2.82 per mmBTU.

The December gold contract was down US$2.80 to US$1,276.60 an ounce and the September copper contract shed one cent to US$2.87 a pound.