February 6, 2026
Worship Media
Business

S&P/TSX composite reverses gains to close lower despite rising oil price

TORONTO — Canada’s main stock index gave up gains in afternoon trading, despite a boost from energy and materials sectors.

The S&P/TSX composite index was down 55.43 points at 16,455.40.

In New York, the Dow Jones industrial average was down 165.81 points at 28,514.00, the S&P 500 index was down 23.26 points at 3,488.67, while the Nasdaq composite was down 95.17 points at 11,768.73.

The Canadian dollar traded for 76.11 cents US compared with 76.14 cents US on Tuesday.

The November crude contract was up 84 cents US at US $41.04 per barrel and the November natural gas contract was down 21.9 cents US at US$2.64 per mmBTU.

The December gold contract was up US$12.70 at US$1,907.30 an ounce and the December copper contract was up 0.6 cents US$3.05 a pound.

This report by The Canadian Press was first published Oct.14, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/s-p-tsx-composite-reverses-gains-to-close-lower-despite-rising-oil-price-1.5144250

Related posts

Shopify inks partnership with Walmart as it prepares to battle Amazon.com

CTV News

Plummeting business tourism costing cities hundreds of millions in lost revenues

CTV News

OPEC+ keeps cautious oil production despite Biden pressure

CTV News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy