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Canada’s main stock market dipped again despite crude oil surpassing US$60 a barrel and the Federal Reserve’s more dovish tone.

The S&P/TSX composite index closed down 20.54 points to 16,167.56.

In New York, the Dow Jones industrial average was down 141.71 points at 25,745.67. The S&P 500 index was down 8.34 points at 2,824.23, while the Nasdaq composite was up 5.02 points at 7,728.97.

The Canadian dollar traded at an average of US75.09¢ compared with an average of US75.23¢ on Tuesday.

The May crude contract was up US94¢ at US$60.23 per barrel and the April natural gas contract was down US5.4¢ at US$2.82 per mmBTU.

The April gold contract was down US$4.80 at US$1,301.70 an ounce and the May copper contract was down 0.2 of a cent at US$2.92 a pound.