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Energy and financials boost S&P/TSX composite, loonie heads higher

TORONTO — The financial and energy sectors helped lift Canada’s main stock index in early trading, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 96.00 points at 15,332.21.

In New York, the Dow Jones industrial average was up 101.67 points at 25,576.69. The S&P 500 index was up 4.65 points at 3,060.38, while the Nasdaq composite was down 11.61 points at 9,540.44.

The Canadian dollar traded for 73.90 cents US compared with 73.37 cents US on Monday.

The July crude contract was up 45 cents at US$35.89 per barrel and the July natural gas contract was up a penny at nearly US$1.79 per mmBTU.

The August gold contract was up US$4.70 at US$1,755.00 an ounce and the July copper contract was up nearly two cents at nearly US$2.49 a pound.

This report by The Canadian Press was first published June 2, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/energy-and-financials-boost-s-p-tsx-composite-loonie-heads-higher-1.4965101

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