News

S&P/TSX composite in record territory, U.S. stock markets also gain ground

TORONTO — Canada’s main stock index headed into record territory again despite losses in the key energy sector as the price of oil moved lower.

The S&P/TSX composite index was up 30.38 points at 17,383.28 after trading as high as 17,400.01.

In New York, the Dow Jones industrial average was up 149.91 points at 29,089.58. The S&P 500 index was up 11.74 points at 3,294.89, while the Nasdaq composite was up 36.21 points at 9,287.54.

The Canadian dollar traded for 76.64 cents US compared with an average of 76.56 cents US on Tuesday.

The February crude contract was down 68 cents at US$57.55 per barrel and the February natural gas contract was down 5.7 cents at US$2.13 per mmBTU.

The February gold contract was up US$5.50 at US$1,550.10 an ounce and the March copper contract was down 1.40 cents at US$2.86 a pound.

This report by The Canadian Press was first published Jan. 15, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press