September 22nd, 2024

S&P/TSX composite closes higher on lift from Wall Street relief rally

By The Canadian Press on March 2, 2023.

A 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 got a lift from rising U.S. markets Thursday, closing higher in spite of weakness in the financials sector.

The S&P/TSX composite index was up 77.43 points at 20,337.21.

In New York, the Dow Jones industrial average was up 341.73 points at 33,003.57. The S&P 500 index was up 29.96 points at 3,981.35, while the Nasdaq composite was up 83.50 points at 11,462.98.

The Canadian dollar traded for 73.45 cents US compared with 73.46 cents US on Wednesday.

The April crude contract was up 47 cents at US$78.16 per barrel and the April natural gas contract was down five cents at US$2.77 per mmBTU.

The April gold contract was down US$4.90 at US$1,840.50 an ounce and the May copper contract was down eight cents at US$4.08 a pound.

This report by The Canadian Press was first published March 2, 2023.

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

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