News

TSX grinds out all time high, Wall St. mixed after Fed holds interest rate

TORONTO _ Canada’s main stock index managed to eke out a new record high after giving up moderate gains made earlier in the day.

The S&P/TSX composite index edged up 3.74 points to 16,029.33, with metals and energy stocks providing enough lift to keep the index out of the red.

In New York, markets were mixed following the Federal Reserve’s announcement that its key interest rate will remain unchanged.

The Dow Jones industrial average was up 57.77 points at 23,435.01 while the S&P 500 index added 4.10 points to 2,579.36. The Nasdaq composite index was down 11.14 points to 6,716.53.

The Canadian dollar was trading at an average price of 77.61 cents US, up 0.05 of a U.S. cent.

In commodities, the December crude contract was down eight cents to US$54.30 per barrel and the December natural gas contract was unchanged at US$2.89 per mmBTU.

The December gold contract was up US$6.80 to US$1,277.30 an ounce and the December copper contract added four cents to US$3.14 a pound.