TSX moves higher a day after New York market hits record high on China talk

TSX moves higher a day after New York market hits record high on China talk
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TORONTO — Canada’s main stock index moved higher despite big fall in oil prices, a day after a U.S. market hit a record high on China trade movements.

The S&P/TSX composite index closed up 89.09 points to 16,471.29 in trading after the Canada Day holiday.

In New York, the Dow Jones industrial average was up 69.25 points at 26,786.68. The S&P 500 index was up 8.68 points at 2,973.01 after hitting a record intraday high on Monday, while the Nasdaq composite was up 17.93 points at 8,109,09.

The Canadian dollar traded for an average of 76.25 cents US compared with an average of 76.41 cents US on Friday.

The August crude contract was down US$2.84 at US$56.25 per barrel and the August natural gas contract was down 2.7 cents at US$2.24 per mmBTU.

The August gold contract was up US$18.70 at US$1,408.00 an ounce and the September copper contract was down 2.4 cents at US$2.66 a pound.

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

The Canadian Press

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