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 – U.S. stock markets ticked higher mid-morning after a rocky start to what’s shaping up to be a volatile trading day amid fears of financial contagion in the U.S. after the second- and third-largest bank failures in that country’s history, while Canada’s main stock index edged lower on weakness in the energy and financial sectors.
The S&P/TSX composite index was down 95.75 points at 19,679.17.
In New York, the Dow Jones industrial average was up 252.38 points at 32,162.02. The S&P 500 index was up 31.55 points at 3,893.14,while the Nasdaq composite was up 146.71 points at 11,285.60.
The Canadian dollar traded for 73.06 cents US compared with 72.43 cents US on Friday.
The April crude contract was down a dollar at US$75.68 per barrel and the April natural gas contract was up 15 cents at US$2.58 per mmBTU.
The April gold contract was up US$44.10 at US$1,906.10 an ounce and the May copper contract was down a penny at US$4.04 a pound.
This report by The Canadian Press was first published March 13, 2023.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
