Oil stocks and crude prices are weighing heavily on Toronto’s main stock index. The Toronto Stock Exchange’s S&P/TSX composite index was down 125.47 points to 15,254.28, after 90 minutes of trading. Shares of major oil companies including Encana, Canadian Natural Resources and Suncor dropped to morning lows after U.S. government statistics showed crude oil inventories fell less than estimated last week. The July crude contract was down $1.57 at $44.89 (U.S.) per barrel, the lowest since early May. The S&P 500 index shed 3.81 points to 2,436.54, and the Nasdaq composite index was down 3.62 points at 6,216.75.

Source: thestar June 14, 2017 15:45 UTC