S&P/TSX composite opens trading higher as the price of oil moves up

S&P/TSX composite opens trading higher as the price of oil moves up
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TORONTO — Canada’s main stock index posted a triple-digit advance at the start of trading, helped higher by the energy sector as the price of oil climbed more than 10 per cent.

The S&P/TSX composite index was up 156.89 points at 14,901.93.

In New York, the Dow Jones industrial average was up 288.63 points at 24,038.39. The S&P 500 index was up 36.07 points at 2,878.81, while the Nasdaq composite was up 123.99 points at 8,834.71.

The Canadian dollar traded for 71.27 cents US compared with an average of 71.00 cents US on Monday.

The June crude oil contract was up US$3.00 at US$23.39 per barrel and the June natural gas contract was up 11 cents at nearly US$2.11 per mmBTU.

The June gold contract was down US$10.50 at US$1,702.80 an ounce and the July copper contract was up nearly a penny at nearly US$2.32 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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