S&P/TSX composite edges up in early trading, U.S. stock markets also creep higher

S&P/TSX composite edges up in early trading, U.S. stock markets also creep higher
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TORONTO — Strength in the financial and energy sectors helped Canada’s main stock index creep higher in early trading, while U.S. stock markets also edged up.

The S&P/TSX composite index was up 2.25 points at 16,950.31.

In New York, the Dow Jones industrial average was up 75.14 points at 29,858.49. The S&P 500 index was up 1.64 points at 3,611.17, while the Nasdaq composite was up 9.67 points at 11,909.01.

The Canadian dollar traded for 76.40 cents US compared with 76.37 cents US on Tuesday.

The January crude contract was 45 cents at US$42.10 per barrel and the December natural gas contract was up five cents at US$2.74 per mmBTU.

The December gold contract was down US$7.90 at US$1,877.20 an ounce and the December copper contract was up less than a penny at US$3.20 a pound.

This report by The Canadian Press was first published Nov. 18, 2020.

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

The Canadian Press

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