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Financials help boost TSX, U.S. stock markets down at late morning

A man works in the broadcast centre at the TMX Group Ltd. in Toronto, on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

TORONTO — The financial sector led a broad-based rally on the Toronto Stock Exchange to push Canada’s main stock index higher in late-morning trading, while U.S. stock markets moved lower.

The S&P/TSX composite index was up 40.85 points at 16,521.38.

In New York, the Dow Jones industrial average was down 49.96 points at 26,362.34. The S&P 500 index was down 5.50 points at 2,901.91, while the Nasdaq composite was down 24.22 points at 7,959.94.

The Canadian dollar traded for 74.76 cents US compared with an average of 75.02 cents US on Friday.

The May crude contract was down 69 cents at US$63.20 per barrel and the May natural gas contract was down 4.9 cents at US$2.61 per mmBTU.

The June gold contract was down US$4.90 at US$1,290.30 an ounce and the May copper contract was down 2.45 cents at US$2.92 a pound.

 

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press

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