By The Canadian Press

S&P/TSX composite edges lower at the start of trading, U.S. markets gain

May 21, 2020 | 8:50 AM

Canada’s main stock index edged lower in early trading as the Toronto market was weighed down by losses in the materials sector, while U.S. stock markets moved up.

The S&P/TSX composite index was down 0.29 of a point at 14,997.34.

In New York, the Dow Jones industrial average was up 35.37 points at 24,611.27. The S&P 500 index was up 3.58 points at 2,975.19, while the Nasdaq composite was up 19.57 points at 9,395.35.

The Canadian dollar traded for 71.94 cents US compared with 71.98 cents US on Wednesday.

The July crude contract was up 98 cents at US$34.47 per barrel and the July natural gas contract was down nearly five cents at US$1.86 per mmBTU.

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The June gold contract was down US$13.80 at US$1,738.30 an ounce and the July copper contract was down nearly two cents at US$2.46 a pound.