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S&P/TSX composite index recovers losses to close up as U.S. markets fall

Written by on October 15, 2020

TORONTO — Canada’s main stock index recovered in afternoon trading, closing higher after posting a triple-digit decline early in the day.

The S&P/TSX composite index up 45.63 points at 16,501.03.

In New York, the Dow Jones industrial average was down 19.80 points at 28,494.20, the S&P 500 index was down 5.33 points at 3,483.34, while the Nasdaq composite was down 54.86 points at 11,713.87.

The Canadian dollar traded for 75.59 cents US compared with 76.11 cents US on Wednesday.

The December crude contract was down 10 cents US at US$41.24 per barrel and the November natural gas contract was up 14 cents US at almost US$2.78 per mmBTU.

The December gold contract was up US$1.60 an ounce at US$1,908.90 and the December copper contract was up 3.5 cents US at nearly US$3.09 a pound.

This report by The Canadian Press was first published Oct. 15, 2020.

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

The Canadian Press