TORONTO -- Canada's main stock index was in the red in late-morning trading as the price for oil fell below US$70 a barrel and weighed on the key energy sector.
The S&P/TSX composite index was down 28.85 points to 16,084.77, after 90 minutes of trading following reports OPEC countries plan to produce more oil soon.
In New York, the Dow Jones industrial average was down 16.15 points to 24,795.61. The S&P 500 index was down 2.83 points to 2,724.93 and the Nasdaq composite index was up 21.52 points to 7,445.95.
The Canadian dollar was trading at 77.03 cents US, down from an average value of 77.57 cents US on Thursday.
The July crude contract was down US$2.23 to US$68.48 per barrel and the July natural gas contract was down one cent to US$2.96 per mmBTU.
The June gold contract was down $1.80 to US$1,302.60 an ounce and the July copper contract was down two cents to US$3.08 a pound.
