Toronto stocks higher on strength of gold

Cape Breton Post - - BUSINESS -

TORONTO — Canada’s main stock in­dex made gains Thursday, boosted by strength in the gold sec­tor as the price of the com­mod­ity gained seven dol­lars.

The S&P/TSX com­pos­ite in­dex ad­vanced 63.14 points to 16,328.96.

In New York, the Dow Jones in­dus­trial average fell 25.89 points to 25,175.31. The S&P 500 in­dex rose 6.86 points to 2,782.49 and the Nas­daq com­pos­ite in­dex moved up 65.34 points to 7,761.04, a record high.

The Cana­dian dol­lar av­er­aged 76.62 cents US, down 0.37 of a US cent.

The July crude con­tract ad­vanced 25 cents to US$66.89 per bar­rel and the July nat­u­ral gas con­tract stayed rel­a­tively un­changed at about US$2.97 per mmBTU.

The Au­gust gold con­tract gained US$7.00 to US$1,308.30 an ounce and the July cop­per con­tract shed about three cents to US$3.22 a pound.

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