TSX starts March on a down note

Energy sector hit by Enbridge pipeline delay

Canada’s main stock index started the month down as the energy sector fell after Enbridge Energy said it was delaying its Line 3 pipeline startup.

The S&P/TSX composite index closed down 30.12 points to 16,038.13.

In New York, the Dow Jones industrial average was down 206.67 points at 25,819.65. The S&P 500 index was down 10.88 points at 2,792.81, while the Nasdaq composite was down 17.79 points at 7,577.57.

The Canadian dollar traded at an average of US75.09¢ compared with an average of US75.41¢ on Friday.

The April crude contract was up US79¢ at US$56.59 per barrel and the April natural gas contract was down 0.2 of a cent at US$2.86 per mmBTU.

The April gold contract was down US$11.70 at US$1,287.50 an ounce and the May copper contract was down US2.3¢ at US$2.91 a pound.