Toronto stocks moved modestly lower Thursday, after posting a triple-digit gain in the previous session, as a strong day in the energy sector couldn’t offset weakness in the technology and telecommunications indexes.
The S&P/TSX composite index slipped 15.91 points, or 0.12%, to 13,139.64.
Seven of the 10 TSX main sub-groups were down.
The energy index gained 1.01%.
Light, sweet crude for May delivery soared $2.02 to US$64.69.
Harvest Energy Trust units gained 72¢, or 2.56%, to $28.80.
The materials index moved up 0.12%, while gold moved down 0.51%.
Gold for April delivery moved up $4.20 to $664.20 an ounce.
Alamos Gold Inc. fell 8¢, or 1.10%, to $7.20.
Information technology fell 1.25%, and the telecommunications sector dipped 1.22%.
Nortel Networks fell $1.69, or 5.60%, to $28.51 on the news the firm would sell $1 billion in debt.
The Canadian dollar slipped 0.2 of a cent to US86.34¢, after two days of strong gains.
The S&P/TSX Venture composite index gained 25.90 points, or 0.84%, to 3,123.84.
In New York, markets were mixed, and little changed, as investors took a breather after yesterday’s triple-digit gains.
The Dow Jones industrial average gained 13.62 points, or 0.11%, to 12,461.14, the Nasdaq composite index fell 4.18, or 0.17%, to 2,451.74, and the S&P 500 dipping 0.5 of a point, or 0.03%, to 1,434.54.