Toronto stock market sets new record high on rally led by materials and financials

Toronto stock market sets new record high on rally led by materials and financials
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TORONTO — Canada’s main stock index set a new record high on a broad-based rally led by materials and financials.

The S&P/TSX composite index closed up 58.06 points at 16,858.35, after going as high as 16,913.49 earlier in the trading session.

In New York, the Dow Jones industrial average was down 52.29 points at 27,094.79. The S&P 500 index was flat at 3,006.79, while the Nasdaq composite was up 5.49 points at 8,182.88.

The Canadian dollar traded for an average of 75.42 cents US compared with an average of 75.35 cents US on Wednesday.

The November crude contract was up 15 cents at US$58.19 per barrel and the October natural gas contract was down 9.9 cents at US$2.54 per mmBTU.

The December gold contract was down US$9.60 at US$1,506.20 an ounce and the December copper contract was down 0.45 of a cent at US$2.61 a pound.

This report by The Canadian Press was first published Sept. 19, 2019.

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

The Canadian Press

Note to readers: This is a corrected story. An earlier version had an incorrect closing price for the S&P/TSX composite index.


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