Toronto stock index pulls ahead on higher oil prices, as U.S. indexes finish flat
TORONTO — Higher energy stocks helped lift Canada’s main stock index today, while U.S. indexes finished on a flat note amid a session void of major economic or corporate releases.
The Toronto Stock Exchange’s S&P/TSX composite index gained 70.04 points to 15,652.08.
In New York, the Dow Jones industrial average was ahead 5.34 points to 21,012.28 while the Nasdaq composite index saw an uptick of 1.9 points to 6,102.66 to land at a new record.
The S&P 500 index was barely changed, up 0.09 of a point to 2,399.38, hitting a record level for the second session in a row. The June crude contract was up 21 cents at US$46.43 per barrel, while the Canadian dollar, which often trades in tandem with oil prices, rose 0.04 a U.S. cent to an average value of 72.97 cents US.
In other commodities, the June natural gas contract was down nine cents at US$3.17 per mm-BTU, the June gold contract was up 20 cents at US$1,227.10 an ounce, and the July copper contract was pulled back four cents at US$2.49 a pound.