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S&P/TSX composite up 1.2% Thursday, U.S. stock markets also climb higher

Written by on August 15, 2024

TORONTO — Canada’s main stock index gained 1.2 per cent Thursday in a broad-based rally, while U.S. markets also soared higher, nearing recent record highs.

The S&P/TSX composite index closed up 272.71 points at 23,032.72.

In New York, the Dow Jones industrial average was up 554.67 points at 40,563.06. The S&P 500 index was up 88.01 points at 5,543.22, while the Nasdaq composite was up 401.89 points at 17,594.50.

The Canadian dollar traded for 72.91 cents US compared with 72.93 cents US on Wednesday.

The October crude oil contract was up US$1.15 at US$76.99 per barrel and the September natural gas contract was down two cents at US$2.20 per mmBTU.

The December gold contract was up US$12.70 at US$2,492.40 an ounce and the September copper contract was up 11 cents at US$4.15 a pound.

This report by The Canadian Press was first published Aug. 15, 2024.

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

The Canadian Press