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Bombardier weighs on Toronto stocks, U.S. markets also move lower

Bombardier weighs on Toronto stocks, U.S. markets also move lower
Business
TORONTO - Canada’s main stock index fell in late-morning trading as Bombardier Inc. shares weighed on the key industrials sector.

The S&P/TSX composite index was down 11.80 points at 16,574.72 as shares of Bombardier fell following a move by the company to cut its financial guidance for the year.

In New York, the Dow Jones industrial average was down 205.5 points at 26,391.55. The S&P 500 index was down 5.23 points at 2,922.02, while the Nasdaq composite was down 0.55 points at 8,101.46.

The Canadian dollar traded for 74.10 cents US compared with an average of 74.21 cents US on Wednesday.

The June crude contract was down 11 cents at US$65.78 per barrel and the June natural gas contract was down 3.6 cents at US$2.54 per mmBTU.

The June gold contract was up US$2.70 at US$1,282.10 an ounce and the May copper contract was down 3.75 cents at US$2.87 a pound.
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