S&P/TSX composite index up late morning as oil price climbs higher


Toronto – Gains in the energy and basic metals sectors have helped to increase the main stock index in Canada at the end of the morning, while the oil price has climbed and the American stock markets have displayed results Mixed.

The S&P/TSX Composite Index gained 77.48 points to 20,258.92.

In New York, the Dow Jones industrial average was down 54.62 points at 33,925.70. The S&P 500 index rose 2.97 points to 4,277.01, while the Nasdaq composite rose 17.80 points to 12,955.92.

The Canadian dollar was trading at 77.40 US cents against 77.45 US cents on Wednesday.

The October crude oil contract rose US$2.21 to US$89.90 per barrel and the September natural gas contract rose 3 cents to US$9.28 per mmBTU.

The December gold contract was down US$2.10 at US$1,774.60 an ounce and the September copper contract was up five cents at US$3.64 per pound.

This report from The Canadian Press was first published on August 18, 2022.

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

The Canadian Press




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