Financial and energy help power S&P/TSX composite higher, U.S. markets also rise

Financial and energy help power S&P/TSX composite higher, U.S. markets also rise
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TORONTO — The financial and energy sectors helped power a triple-digit advance for Canada’s main stock index in late-morning trading, while U.S. stock markets also rose.

The S&P/TSX composite index was up 106.57 points at 16,624.42.

In New York, the Dow Jones industrial average was up 292.54 points at 28,222.87. The S&P 500 index was up 22.88 points at 3,420.04, while the Nasdaq composite was up 33.62 points at 11,345.42.

The Canadian dollar traded for 75.69 cents US compared with 75.73 cents US on Friday.

The October crude contract was up 32 cents at US$42.66 per barrel and the October natural gas contract was up nearly seven cents at US$2.64 per mmBTU.

The December gold contract was down US$10.70 at US$1,936.30 an ounce and the September copper contract was up less than a penny at US$2.92 a pound.

This report by The Canadian Press was first published Aug. 24, 2020.

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

 

The Canadian Press


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