TSX moves higher as energy sector gets help from Alberta election

TSX moves higher as energy sector gets help from Alberta election
Share this article

TORONTO — Canada’s main stock index moved higher as the election of a conservative government in Alberta helped to support the energy sector despite lower crude prices, says a market observer.

The S&P/TSX composite index closed up 42.04 points at 16,544.24.

In New York, the Dow Jones industrial average was down 3.12 points at 26,449.54. The S&P 500 index was down 6.61 points at 2,900.45, while the Nasdaq composite was down 4.15 points at 7,996.08.

The Canadian dollar traded at an average of 75.01 cents US compared with an average of 74.84 cents US on Tuesday.

The June crude contract was down 32 cents at US$63.87 per barrel and the May natural gas contract was down 5.5 cents at US$2.52 per mmBTU.

The June gold contract was down 40 cents at US$1,276.80 an ounce and the May copper contract was up 3.7 cents at US$2.97 a pound.

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

The Canadian Press

Related posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.