September 20th, 2024

S&P/TSX composite closes higher in broad gains, U.S. stocks also up

By The Canadian Press on January 11, 2023.

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is seen Friday, Nov. 11, 2022.  THE CANADIAN PRESS/Tijana Martin

TORONTO – Canada’s main stock index closed higher in broad gains as commodities rose, while U.S. stock markets also ended up a day before the release of key inflation data.

The S&P/TSX composite index ended up 126.19 points at 20,025.05.

In New York, the Dow Jones industrial average was up 268.91 points at 33,973.01. The S&P 500 index was up 50.36 points at 3,969.61, while the Nasdaq composite was up 189.04 points at 10,931.67.

The Canadian dollar traded for 74.49 cents US compared with 74.51 cents US on Tuesday.

The February crude contract was up US$2.29 at US$77.41 per barrel and the February natural gas contract was up three cents at US$3.67 per mmBTU.

The February gold contract was up $2.40 at $1,878.90 an ounce and the March copper contract was up nine cents at US$4.17 a pound.

This report by The Canadian Press was first published Jan. 11, 2023.

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

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