S&P/TSX composite down as oil falls, U.S. markets also end lower

The logo for Berkshire Hathaway Inc. appears above a trading post on the floor of the New York Stock Exchange, Monday, May 5, 2025. (AP Photo/Richard Drew)

Canada’s main stock index closed down along with U.S. markets as trade worries and a drop in the oil price weighed.

The S&P/TSX composite index closed down 77.99 points at 24,953.52

In New York, the Dow Jones industrial average was down 98.60 points at 41,218.83. The S&P 500 index was down 36.29 points at 5,650.38, while the Nasdaq was down 133.49 points at 17,844.24.

The Canadian dollar traded for 72.40 cents US compared with 72.46 cents US on Friday.

The June crude oil contract was down US$1.16 at US$57.13 per barrel and the June natural gas contract was down eight cents US at US$3.55 per mmBTU.

The June gold contract was up US$79.00 at US$3,322.30 an ounce and the July copper contract was up three cents US at US$4.70 a pound.

This report by The Canadian Press was first published May 5, 2025.