November 26th, 2024

S&P/TSX composite up Monday as price of oil rises, U.S. markets mixed

By The Canadian Press on August 26, 2024.

Loonies with the effigy of King Charles on them are struck at an event celebrating the first coin struck at the Royal Canadian Mint in Winnipeg, Tuesday, Nov. 14, 2023. THE CANADIAN PRESS/John Woods

TORONTO – Canada’s main stock index was up on Monday due in part to strength in energy stocks as the price of oil moved higher, while U.S. markets were mixed.

The S&P/TSX composite index closed up 62.89 points at 23,348.97.

In New York, the Dow Jones industrial average was up 65.44 points at 41,240.52. The S&P 500 index was down 17.77 points at 5,616.84, while the Nasdaq composite was down 152.03 points at 17,725.77.

The Canadian dollar traded for 74.18 cents US compared with 73.92 cents US on Friday.

The October crude oil contract was up US$2.59 at US$77.42 per barrel and the October natural gas contract was down five cents at US$2.13 per mmBTU.

The December gold contract was up US$8.90 at US$2,555.20 an ounce and the December copper contract was up three cents at US$4.28 a pound.

This report by The Canadian Press was first published Aug. 26, 2024.

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

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