S&P/TSX composite gains more than 300 points, U.S. stock markets also rise
Written by The Canadian Press on January 30, 2025
TORONTO — Canada’s main stock index rose 1.3 per cent Thursday in a broad-based rally with strong gains in technology and base metal stocks, while U.S. stocks saw a more muted rise.
The S&P/TSX composite index closed up 334.95 points at 25,808.25.
In New York, the Dow Jones industrial average was up 168.61 points at 44,882.13. The S&P 500 index was up 31.86 points at 6,071.17, while the Nasdaq composite was up 49.43 points at 19,681.75.
The Canadian dollar traded for 69.38 cents US compared with 69.28 cents US on Wednesday.
The March crude oil contract was up 11 cents at US$72.73 per barrel and the March natural gas contract was down 12 cents at US$3.05 per mmBTU.
The April gold contract was up US$51.70 at US$2,845.20 an ounce and the March copper contract was up three cents at US$4.31 a pound.
This report by The Canadian Press was first published Jan. 30, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUS)
The Canadian Press