Stocks falls, loonie slips

Canada's main stock index moved lower, with the drag coming from a broad range of sectors.

The S&P/TSX composite index was down 89.40 points at 16,337.07 after 90 minutes of trading, with the energy, metals and mining, financial and industrials sectors among the weakest.

In New York, the Dow Jones industrial average was 60.16 points lower at 25,817.17. The S&P 500 index was down 6.06 points at 2,858.30, while the Nasdaq composite fell 24.03 points lower to 7,761.69.

The Canadian dollar traded at 74.57 cents US, down compared with an average of 74.55 cents US on Tuesday.

The July crude contract was down $1.30 at US$61.83 per barrel and the January natural gas contract fell 3.5 cents to $2.58 per mmBTU.

The June gold contract was up $1.90 at $1,275.10 an ounce and the July copper contract was down four cents at $2.67 a pound.

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