11.3 C
New York
May 2, 2024
Worship Media
Business

S&P/TSX composite closes lower but posts sixth consecutive weekly gain

TORONTO — Canada’s main stock index closed lower on the day but still posted its sixth consecutive weekly gain on anticipation that vaccines will drive a rebound in the months to come.

The S&P/TSX composite index closed down 44.42 points to 17,548.92.

In New York, the Dow Jones industrial average was up 47.11 points at 30,046.37, the S&P 500 index was down 4.64 points at 3,663.46, while the Nasdaq composite was down 27.94 points at 12,377.87.

The Canadian dollar traded for 78.31 cents US compared with 78.53 cents US on Thursday.

The January crude contract was down 21 cents at $46. 57 per barrel and the January natural gas contract was up 3.3 cents at about $2.60 per mmBTU.

The February gold contract was up US$6.20 at US$1,843.60 an ounce and the March copper contract was down 4.8 cents US at nearly $3.53 a pound.

This report by The Canadian Press was first published Dec. 11, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/s-p-tsx-composite-closes-lower-but-posts-sixth-consecutive-weekly-gain-1.5226756

Related posts

U.S. Treasury resuming steps to put Harriet Tubman on US$20 bill

CTV News

Former Aritzia manager calls out company to do more to address racism

CTV News

How to avoid paying the pink tax on clothes, toys and other everyday items

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