October 22nd, 2021

Tech, materials sectors help lift S&P/TSX composite higher despite energy dip

By The Canadian Press on October 13, 2021.

A currency trader gestures near the screen showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Friday, Sept. 24, 2021. THE CANADIAN PRESS/AP-Lee Jin-man

TORONTO – A broad-based rally led by the technology and materials sectors helped to lift Canada’s main stock index even though a dip in crude oil prices pushed energy lower.

The S&P/TSX composite index closed up 181.35 points to 20,618.47.

In New York, the Dow Jones industrial average was down 0.53 of a point at 34,377.81. The S&P 500 index was up 13.15 points at 4,363.80, while the Nasdaq composite was up 105.71 points at 14,571.64.

The Canadian dollar traded for 80.35 cents US compared with 80.25 cents US on Tuesday.

The November crude contract was down 20 cents at US$80.44 per barrel and the November natural gas contract was up 8.5 cents at US$5.59 per mmBTU.

The December gold contract was up US$35.40 at US$1,794.70 an ounce and the December copper contract was up 19.1 cents at nearly US$4.52 a pound.

This report by The Canadian Press was first published Oct. 13, 2021.

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

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