Markets marginally lower at midday

North american markets were showing small losses at midday on Monday, with little on the economic calendar to provide direction for investors.

In Toronto, the benchmark S&P/TSX composite index was down about five points, or 0.04 per cent, to 12,183.

The price of oil was down $1.26 USto $100.30 US a barrel in electronic trading in New York at midday, and gold was down $4.00 US to $1,612.80 US an ounce.

The Canadian dollar was down 10 basis points to 97.27 cents US in late-morning trading.

In the U.S., the Dow Jones industrial average had slipped about three basis points, or 0.03 per cent, to 12,356.48 at midday, while the Nasdaq was at 2,670, a loss of five points, or 0.17 per cent.

Markets in Asia were mixed, with the Nikkei in Tokyo falling 1.16 per cent while the Hang Seng in Hong Kong gained 1.47 per cent, but European markets were all lower.

The FTSE in London slipped 0.57 per cent, the CAC in Paris edged down 0.27 per cent and the DAX in Frankfurt fell 0.62 per cent.

Postmedia News

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