Tuesday, July 7th24.4°C
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Stock markets' lacklustre morning

The Toronto stock market was lower amid data showing the Canadian economy faltered in September.

Traders also waited for further word on how negotiations are progressing in heading off a critical U.S. budget impasse.

The S&P/TSX composite index was off six points to 12,196.85. The Canadian dollar was down 0.09 of a cent to 100.64 cents US as Statistics Canada reported there was no growth in gross domestic product during September following a 0.1 per cent dip during August.

New York markets were mixed as traders also took in disappointing consumer spending data.

The Dow Jones industrials were ahead 9.56 points to 13,031.38, as consumer spending dropped 0.2 per cent in October. That's down from an increase of 0.8 per cent in September and the weakest showing since May.

The Nasdaq inched up 0.04 of a point to 3,012.07, while the S&P 500 index slipped 0.42 of a point to 1,415.53.

The Canadian Press


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