TORONTO — Canada’s main stock index was down nearly 150 points in late-morning trading, weighed down by losses in the energy and base metal sectors as the price of oil dropped below US$70 per barrel.
The August crude oil contract was down US$3.46 at US$69.75 per barrel as talks between the U.S. and Iran regarding a permanent end to their war made progress and more ships passed through the Strait of Hormuz.
The S&P/TSX composite index was down 148.11 points at 34,779.27.
In New York, the Dow Jones industrial average was up 516.84 points at 52,183.68. The S&P 500 index was up 55.37 points at 7,420.83, while the Nasdaq
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