Canada’s main stock index fell midweek as the telecommunications sector retreated after Rogers Communications cut its revenue and capital spending forecasts for the year.

The S&P/TSX composite index closed down 55.59 points at 16,335.93.

In New York, the Dow Jones industrial average was up 45.85 points at 26,833.95. The S&P 500 index was up 8.53 points at 3,004.52, while the Nasdaq composite was up 15.50 points at 8,119.79.

The Canadian dollar traded for an average of US76.42¢ compared with an average of US76.37¢ on Tuesday.

The December crude contract was up US$1.49 at US$55.97 per barrel and the November natural gas contract was up one cent at US$2.28 per mmBTU.

The December gold contract was up US$8.20 at US$1,495.70 an ounce and the December copper contract was up US3.85¢ at US$2.67 a pound.