08/15/2017 07:34 EDT | Updated 08/15/2017 07:40 EDT

Resource stocks drag Toronto index down, loonie also lower

TORONTO — Resource stocks are weighing heavily on the Toronto market this morning.

The Toronto Stock Exchange's S&P/TSX composite index was down 26.3 points to 15,094 in morning trading. The TSX materials and energy subindexes were among the hardest hit. 

In New York, the Dow Jones industrial average was up 10 points to 22,004. The S&P 500 index was down one point to 2,465 and the Nasdaq composite index was down 3.7 points to 6,336.

The Canadian dollar was trading at 78.4 cents US, down from Monday's average price of 78.71 cents US.

The September crude contract was down 30 cents to US$47.29 per barrel and the September natural gas contract was down one cent to US$2.95 per mmBTU.

The December gold contract was down $14 to US$1,276 an ounce and the September copper contract was down one cent to US$2.89 a pound.