TSX, Wall Street rally to record closes

Another high as Trudeau and Trump meet for first time

Cape Breton Post - - HEALTH/LIFESTYLES/BUSINESS - THE CANA­DIAN PRESS

The Toronto stock mar­ket rose to another record close amid a friendly first meet­ing be­tween Cana­dian Prime Min­is­ter Justin Trudeau and U.S. Pres­i­dent Don­ald Trump.

On Bay Street, the S&P/ TSX com­pos­ite in­dex climbed a mod­er­ate 27.46 points at 15,756.58, as gains from met­als and re­tail stocks off­set losses from the gold and en­ergy sec­tors.

The com­mod­ity-heavy in­dex had broke a pre­vi­ous record close set in Septem­ber 2014 on Fri­day.

In New York, the main U.S. in­dexes fin­ished at record highs for a third ses­sion in a row.

The Dow Jones in­dus­trial av­er­age was up 142.79 points at 20,412.16, the S&P 500 was ahead 12.15 points at 2,328.25, and the Nas­daq com­pos­ite jumped 29.83 points at 5,763.96.

Mean­while, the Cana­dian dol­lar was barely changed at 76.48 cents US, up 0.06 of a U.S. cent.

Com­modi­ties were mostly lower with the March crude con­tract down 93 cents at US$52.93 per bar­rel and March nat­u­ral gas fall­ing nine cents at US$2.94 per mmBTU.

April gold de­clined $10.10 at US$1,225.80 an ounce and March cop­per con­tracts were up two cents at US$2.78 a pound.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.