TSX recap: Index falls from 20-month high, dips 0.41%

Canada's main stock index retreated slightly on Thursday after hitting a 20-month high the day before, while a pair of reports held back growth in U.S. markets as well as north of the border.

The S&P/TSX Composite Index fell 86.53 points, 0.41 per cent, to close at 20,929.38.

“Oil is down a lot today,” noted Jules Boudreau, a senior economist at Mackenzie Investments. 

The 1.4 per cent drop in the energy index also hurt oil-linked currencies, including Canada’s. The loonie traded for 75.69 cents U.S. compared with 75.73 cents U.S. on Wednesday.