December 15th, 2024

S&P/TSX composite ekes out gain despite oil below US$70 a barrel, U.S. stocks higher

By The Canadian Press on June 12, 2023.

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

TORONTO – Canada’s main stock index eked out a small gain Wednesday despite losses in the energy sector as oil fell below US$70 a barrel, while U.S. markets rose.

The S&P/TSX composite index closed up 29.25 points at 19,921.31.

In New York, the Dow Jones industrial average was up 189.55 points at 34,066.33.The S&P 500 index was up 40.07 points at 4,338.93, while the Nasdaq composite was up 202.78 points at 13,461.92.

The Canadian dollar traded for 74.82 cents US compared with 74.96 cents US on Friday.

The July crude contract was down US$3.05 at US$67.12 per barrel and the July natural gas contract was up a penny at US$2.27 per mmBTU.

The August gold contract was down US$7.50 at US$1,969.70 an ounce and the July copper contract was down four cents at US$3.75 a pound.

This report by The Canadian Press was first published June 12, 2023.

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

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