TSX closes higher as energy, loonie strengthen and gold reaches another record

TSX closes higher as energy, loonie strengthen and gold reaches another record
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TORONTO — Canada’s main stock index closed in positive territory as oil prices and the loonie strengthened and gold reached another all-time high.

The S&P/TSX composite index was up 133.58 points at 16,501.61.

In New York, the Dow Jones industrial average was up 372.84 points at 27,201.31. The S&P 500 index was up 21.26 points at 3,327.77, while the Nasdaq composite was up 57.23 points at 10,998.40 after surpassing 11,000 for the first time earlier in the day.

The Canadian dollar traded for 75.40 U.S. compared with 74.78 on Tuesday.

The September crude contract was up 49 cents at US$42.19 per barrel and the September natural gas contract was down 0.2 cents at US$2.19 per mmBTU.

The December gold contract was up US$28.30 at US$2,049.30 an ounce after earlier reaching US$2,070.30 an ounce. The September copper contract was up 2.25 cents at nearly US$2.92 a pound.

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

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

The Canadian Press

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