TSX rises on strength of energy sector, while U.S. markets also up

TSX rises on strength of energy sector, while U.S. markets also up
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TORONTO — Canada’s main stock index inched up in early morning trading as the energy sector surged despite lower crude oil prices.

The S&P/TSX composite index was up 4.75 points at 16,167.71.

In New York, the Dow Jones industrial average was up 40.18 points at 26,880.58. The S&P 500 index was up 6.10 points at 3,263.74, while the Nasdaq composite was up 26.93 points at 10,708.65.

The Canadian dollar traded for 74.42 cents US compared with 74.37 cents US on Thursday.

The September crude contract was down 51 cents at US$41.31 per barrel and the August natural gas contract was down 3.2 cents at US$1.64 per mmBTU.

The August gold contract was up US$5.20 at US$1,849.10 an ounce and the September copper contract was down 5.5 cents at US$2.90 a pound.

This report by The Canadian Press was first published July 22, 2020.

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

The Canadian Press

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