Energy, industrials and tech lead Toronto stock market higher, oil rises

Energy, industrials and tech lead Toronto stock market higher, oil rises
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TORONTO — Strength in the energy, industrial and technology sectors helped Canada’s main stock index move higher in late-morning trading, while the price of oil also gained.

The S&P/TSX composite index was up 96.67 points at 14,841.71.

In New York, the Dow Jones industrial average was up 317.89 points at 24,067.65. The S&P 500 index was up 42.27 points at 2,885.01, while the Nasdaq composite was up 143.22 points at 8,853.94.

The Canadian dollar traded for 71.18 cents US compared with an average of 71.00 cents US on Monday.

The June crude oil contract was up US$3.04 at US$23.43 per barrel and the June natural gas contract was up nearly 14 cents at US$2.13 per mmBTU.

The June gold contract was up US$2.00 at US$1,702.90 an ounce and the July copper contract was down less than a penny at US$2.31 a pound.

This report by The Canadian Press was first published May 5, 2020.

 

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

 

The Canadian Press


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