08/23/2017 07:24 EDT | Updated 08/23/2017 07:40 EDT

Banks help lift Toronto stock index as U.S. markets give up gains

TORONTO — Shares of Canada's biggest banks and insurance companies are helping lift the Toronto stock market's main index today.

The Toronto Stock Exchange's S&P/TSX composite index was up 67.17 points to 15,052.13, after 90 minutes of trading.

Royal Bank was among the advances, following its announcement of solid third-quarter results and a dividend increase.

In New York, the Dow Jones industrial average was down 60.53 points to 21,839.36. The S&P 500 index was down 7.03 points to 2,445.48 and the Nasdaq composite index was down 22.54 points to 6,274.94.

The Canadian dollar was trading at 79.62 cents US, down from Tuesday's average price of 79.67 cents US.

The October crude contract was up 14 cents to US$47.97 per barrel and the September natural gas contract was down one cent to US$2.93 per mmBTU.

The December gold contract was up $3.30 to US$1,294.30 an ounce and the September copper contract was down one cent to US$2.98 a pound.