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17th of July 2018

Economy



TSX closes lower on oil and trade swings | The Star

Canada's main stock index closed lower on a day that saw big swings in the oil price while U.S. stocks were down on a shortened trading day ahead of the U.S. July 4 holiday.

The S&P/TSX composite index closed down 14.57 points at 16,263.16, as base metal and energy stocks dropped.

In New York, the Dow Jones industrial average closed down 132.36 points at 24,174.82. The S&P 500 index closed down 13.49 points at 2,713.22 and the Nasdaq composite index ended down 65.02 points at 7,502.67.

The Canadian dollar averaged 76.02 cents U.S., up 0.08 of a U.S. cent.

The August crude contract closed up 20 cents at $74.14 (U.S.) per barrel and the August natural gas contract was up one cent at $2.87 per mmBTU.

The August gold contract was up $11.80 at $1,253.50 an ounce and the September copper contract was down three cents to $2.92 a pound.

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