Canada’s main stock index started the week lower on a drop in commodity prices while U.S. markets closed higher following the decision not to impose tariffs on Mexico.

The S&P/TSX composite index closed down 14.70 points to 16,216.26.

In New York, the Dow Jones industrial average was up 78.74 points at 26,062.68. The S&P 500 index was up 13.39 points at 2,886.73, while the Nasdaq composite was up 81.07 points at 7,823.17.

The Canadian dollar traded at an average of US75.37¢ compared with an average of US75.28¢ on Friday.

The July crude contract was down US73¢ at US$53.26 per barrel and the July natural gas contract was up US2¢ at US$2.36 per mmBTU.

The August gold contract was down US$16.80 at US$1,329.30 an ounce and the July copper contract was up US3.4¢ at US$2.66 a pound.