Canada’s main stock index dipped to its lowest level since February despite gold prices hitting a three-month high on heightened trade concerns.

The S&P/TSX composite index closed down 21.60 points to 16,015.89.

In New York, the Dow Jones industrial average was up 4.74 points at 24,819.78. The S&P 500 index was down 7.61 points at 2,744.45, while the Nasdaq composite was down 120.13 points at 7,333.02.

The Canadian dollar traded at an average of US74.24¢ compared with an average of US73.93¢ on Friday.

The July crude contract was down US25¢ at US$53.25 per barrel and the July natural gas contract was down US5.1¢ at US$2.40 per mmBTU.

The August gold contract was up US$16.80 at US$1,327.90 an ounce and the July copper contract was up one penny at US$2.65 a pound.