Canada's main stock market nudged southward in trading on Tuesday, in line with a bigger dip in U.S. markets.

The S&P/TSX Composite Index dipped 30.06 points, or 0.15 per cent, to 20,205.98, dragged down by metals and financials stocks.

In New York, the Dow Jones Industrial Average dropped 158.64 points to 35,314.49. The S&P 500 Index was down 19.06 points at 4,499.38, while the Nasdaq Composite was down 110.07 points at 13,884.32.

The Canadian dollar traded for 74.32 cents U.S. compared with 74.88 cents U.S. on Friday.

The September crude oil contract was up 98 cents at US$82.92 per barrel and the September natural gas contract was up five cents at US$2.78 per mm/BTU.

The December gold contract was down US$10.10 at US$1,959.90 an ounce and the September copper contract was down seven cents at US$3.77 a pound.

This report by The Canadian Press was first published Aug. 8, 2023.