Canadian dollar falls to three-week low

The stock market closed up on Thursday, but sliding oil and gold prices dragged the loonie down

Canada’s main stock index bounced higher but lower energy and gold prices drove the loonie to a three-week low.

The S&P/TSX composite index closed up 22.96 points to 16,155.49.

In New York, the Dow Jones industrial average was up 91.87 points at 25,717.46. The S&P 500 index was up 10.07 points at 2,815.44, while the Nasdaq composite was up 25.79 points at 7,669.17.

The Canadian dollar traded for an average of US74.47¢ compared with an average of US74.55¢ on Wednesday.

The May crude contract was down 11¢ at US$59.30 per barrel and the May natural gas contract was down 0.7 of a cent at US$2.71 per mmBTU.

The June gold contract was down US$21.60 at US$1,295.30 an ounce and the May copper contract was up 0.95 of a cent at US$2.87 a pound.