November 28th, 2024

S&P/TSX composite index rises despite oil price weakness, U.S. markets also up

By The Canadian Press on January 4, 2023.

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

TORONTO – Canada’s main stock index gained almost 150 points on Wednesday, buoyed by strength in the financial and technology sectors despite weakness in energy stocks, while U.S. markets also rose.

The S&P/TSX composite index was up 145.06 points at 19,588.83.

In New York, the Dow Jones industrial average was up 133.40 points at 33,269.77.The S&P 500 index was up 28.83 points at 3,852.97, while the Nasdaq composite was up 71.78 points at 10,458.76.

The Canadian dollar traded for 74.03 cents US compared with 73.22 cents US on Tuesday.

The February crude contract was down US$4.09 at US$72.84 per barrel and the February natural gas contract was up 18 cents at US$4.17 per mmBTU.

The February gold contract was up US$12.90 at US$1,859.00 an ounce and the March copper contract was down three cents at US$3.74 a pound.

This report by The Canadian Press was first published Jan. 4, 2023.

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

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