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Energy and industrials lift stock market in Toronto, U.S. stock markets edge higher

Written by on October 14, 2020

TORONTO — Gains in the energy and industrial sectors helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets crept higher.

The S&P/TSX composite index was up 29.96 points at 16,540.79.

In New York, the Dow Jones industrial average was up 5.05 points at 28,684.86. The S&P 500 index was up 1.88 points at 3,513.81, while the Nasdaq composite was up 12.15 points at 11,876.05.

The Canadian dollar traded for 76.16 cents US compared with 76.14 cents US on Tuesday.

The November crude contract was up 66 cents at US$40.86 per barrel and the November natural gas contract was down 20 cents at US$2.65 per mmBTU.

The December gold contract was up US$19.20 at US$1,913.80 an ounce and the December copper contract was up a penny at US$3.05 a pound.

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

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press