The mar­kets to­day

The Prince George Citizen - - SPORTS -

TORONTO (CP) — Canada’s main stock in­dex climbed higher Thurs­day, helped by the en­ergy sec­tor, which ben­e­fited from higher oil prices. The S&P/TSX com­pos­ite in­dex was up 45.91 points to 15,172.72. Re­vised up­ward global oil de­mand fore­casts by the In­ter­na­tional En­ergy Agency helped to push up crude prices, says Kathryn Del Greco, an ad­viser with TD Wealth. “The mar­ket is con­tin­u­ing on the strength of the in­crease of the IEA on what is ex­pected to be an in­crease of global de­mand and tight­en­ing in oil pro­duc­tion by some of the pro­duc­ers,” said Del Greco. “Ac­tiv­ity in crude is up.” The Oc­to­ber crude con­tract rose 59 cents at US$49.89 per bar­rel, a six-week high. South of the border, stocks ended mixed and rel­a­tively flat on Wall Street, but a mea­gre gain for the Dow Jones in­dus­trial av­er­age was enough to mark another record.The Dow closed at 22,203.48, up 45.30 points. Mean­while, the S&P 500 in­dex gave back 2.75 points to 2,495.62 and the Nas­daq com­pos­ite in­dex de­clined 31.11 points to 6,429.08. Ris­ing U.S. con­sumer prices, which ex­panded 0.4 per cent in Au­gust as gas and hous­ing costs grew, likely played a part in the mod­est move­ments, said Del Greco. Else­where in com­modi­ties, the De­cem­ber gold con­tract climbed $1.30 at US$1,329.30 an ounce. The Oc­to­ber nat­u­ral gas con­tract added one cent to US$3.07 per mmBTU and the De­cem­ber cop­per con­tract was down two cents to US$2.96 a pound.

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