May 19th, 2019

North American stocks close higher, loonie climbs after inflation figures released

By The Canadian Press on May 15, 2019.

The fading name on the building in Toronto that used to house the Toronto Stock Exchange is pictured on August 18, 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO – The industrials and technology sectors helped Canada’s main stock index close higher as U.S. stock markets also ended up.

The S&P/TSX composite index ended up 33.61 points 16,318.14.

In New York, the Dow Jones industrial average closed up 115.97 points at 25,648.02. The S&P 500 index ended up 16.55 points at 2,850.96, while the Nasdaq composite was up 87.65 points at 7,822.15.

The Canadian dollar averaged 74.34 cents US, compared with an average of 74.24 cents US on Tuesday, after Statistics Canada said the consumer price index posted a year-over-year increase of two per cent last month.

The June crude contract closed up 24 cents at US$62.02 per barrel and the June natural gas contract was down six cents at US$2.60 per mmBTU.

The June gold contract was up US$1.50 at US$1,297.80 an ounce and the July copper contract was up two cents at US$2.74 a pound.

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

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