November 29th, 2021

Energy and tech stocks help lift TSX while U.S. stock markets rally before holiday

By The Canadian Press on November 24, 2021.

A Canadian dollar (loonie) is pictured inn North Vancouver, B.C. Friday, Jan. 23, 2015. THE CANADIAN PRESS/Jonathan Hayward

TORONTO – Energy and technology lifted Canada’s main stock index midweek while U.S. stock markets staged a late rally on the eve of the Thanksgiving holiday due to positive economic data including jobless claims hitting a 52-year low that showed the economy remained strong.

The S&P/TSX composite index closed up 94.66 points to 21,548.43.

In New York, the Dow Jones industrial average rebounded in late trading and was down just 9.42 points at 35,804.38. The S&P 500 index was up 10.76 points at 4,701.46, while the Nasdaq composite was up 70.09 points at 15,845.23.

The Canadian dollar traded for 78.88 cents US compared with 78.70 cents US on Tuesday.

The January crude contract was down 11 cents at US$78.39 per barrel and the January natural gas contract was up 7.9 cents at US$5.11 per mmBTU.

The December gold contract was up 50 cents at US$1,784.30 an ounce and the December copper contract was up 3.6 cents at US$4.46 a pound.

This report by The Canadian Press was first published Nov. 24, 2021.

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

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