S&P/TSX composite sees small loss Monday after Trudeau resignation, U.S. stocks mixed
Written by The Canadian Press on January 6, 2025
TORONTO — Canada’s main stock index closed slightly lower on Monday after Prime Minister Justin Trudeau officially announced he plans to step aside, while U.S. stock markets were mixed.
The S&P/TSX composite index closed down 73.75 points at 24,999.79.
In New York, the Dow Jones industrial average was down 25.57 points at 42,706.56. The S&P 500 index was up 32.91 points at 5,975.38, while the Nasdaq composite was up 243.30 points at 19,864.98.
The Canadian dollar traded for 69.70 cents US compared with 69.24 cents US on Friday.
The February crude oil contract was down 40 cents at US$73.56 per barrel and the February natural gas contract was up 32 cents at US$3.67 per mmBTU.
The February gold contract was down US$7.30 at US$2,647.40 an ounce and the March copper contract was up nine cents at US$4.16 a pound.
This report by The Canadian Press was first published Jan. 6, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press