News

TSX edges higher while U.S. markets dip as U.S. and China reach deal

TORONTO — Canada’s main stock index was up slightly while U.S. markets dipped after the U.S. and China reached an initial trade deal.

The S&P/TSX composite index was up 6.70 points at 16,953.60 on mixed results as financials and materials rose while energy and consumer staples were down.

In New York, the Dow Jones industrial average was down 63.38 points at 28,068.67. The S&P 500 index was down 8.54 points at 3,160.03, while the Nasdaq composite was down 12.97 points at 8,704.83.

The Canadian dollar was trading for 75.78 cents US, down from an average of 75.86 cents US on Thursday.

The January crude contract was up 33 cents at US$59.51 per barrel and the January natural gas contract was down 3.8 cents at US$2.29 per mmBTU.

The February gold contract was up US$4.80 at US$1,477.10 an ounce and the March copper contract was down 1.95 cents at US$2.78 a pound.

This report by The Canadian Press was first published Dec. 13, 2019.

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

The Canadian Press