Toronto stock market steps back in late-morning trading, loonie slips

TORONTO - Canada's main stock index fell in late-morning trading as the influential financial and materials sectors lost ground, while the loonie lost nearly half a cent against the U.S. dollar. The S&P/TSX composite index was down 35.65 points to 15,416.99, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 170.33 points to 25,049.05. The S&P 500 index was down 8.53 points to 2,723.69 and the Nasdaq composite index was up 19.94 points to 7,259.41. The Ca