A sharp drop in the price of oil weighed on Canada’s main stock index as U.S. markets were mixed following the U.S. Senate’s passage of a tax bill. The S&P/TSX composite index fell 69.94 points to 15,969.03, with the energy sector leading decliners. The S&P 500 index gave back 2.78 points to 2,639.44 and the Nasdaq composite index was down 72.22 points to 6,775.37. The Canadian dollar closed at an average trading price of 78.77 cents U.S., up 0.21 of a U.S. cent. The January crude contract tumbled 89 cents to $57.47 (U.S.) per barrel and the January natural gas contract was down eight cents to $2.99 per mmBTU.

Source: thestar December 04, 2017 17:03 UTC