14.2 C
New York
October 8, 2026
Worship Media
Business

S&P/TSX composite inches higher on strength of energy and telecommunications sectors

TORONTO — Canada’s main stock index inched higher on gains by the key energy sector and the result of strong telecommunications quarterly results.

The S&P/TSX composite index closed up 49.13 points to 16,279.36.

In New York, the Dow Jones industrial average was up 152.84 points at 28,363.66. The S&P 500 index was up 17.93 points at 3,453.49, while the Nasdaq composite was up 21.31 points at 11,506.01.

The Canadian dollar traded for 76.09 cents US compared with 76.21 on Wednesday.

The December crude contract was up 61 cents at US$40.64 per barrel and the November natural gas contract was down 1.6 cents at nearly US$3.01 per mmBTU.

The December gold contract was down US$24.90 at US$1,904.60 an ounce and the December copper contract was down 4.5 cents at US$3.15 a pound.

This report by The Canadian Press was first published Oct. 22, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/s-p-tsx-composite-inches-higher-on-strength-of-energy-and-telecommunications-sectors-1.5155727

Related posts

On MLK Day, King implores Senate to act on voting rights

CTV News

Annual inflation rate hit 5.7 per cent in February amid broad-based price increases: StatCan

CTV News

Labour shortage: Food, hotel industries continue to be hardest hit by lack of workers

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