Materials and energy sectors lift S&P/TSX composite, U.S. stocks also rise

Materials and energy sectors lift S&P/TSX composite, U.S. stocks also rise
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TORONTO — Canada’s main stock index started the trading day higher as the materials and energy sectors both made gains.

The S&P/TSX composite index was up 72.25 points at 15,175.47.

In New York, the Dow Jones industrial average was up 134.22 points at 24,356.21. The S&P 500 index was up 6.96 points at 2,937.28, while the Nasdaq composite was up 14.81 points at 9,207.15.

The Canadian dollar traded for 71.41 cents US compared with an average of 71.37 cents US on Monday.

The July crude contract was up US$1.34 at US$26.42 per barrel and the June natural gas contract was down nearly five cents at US$1.78 per mmBTU.

The June gold contract was up US$8.40 at US$1,706.40 an ounce and the July copper contract was little changed at US$2.38 a pound.

This report by The Canadian Press was first published May 12, 2020.

 

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

 

The Canadian Press

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