The Canadian dollar coin, the Loonie, is displayed in Montreal, Friday, Jan. 30, 2015. THE CANADIAN PRESS/Paul Chiasson
TORONTO – Canada’s main stock index gained more than one per cent Friday on broad-based strength after the latest GDP report helped bolster hopes that the Bank of Canada could be done hiking interest rates, while U.S. markets were mixed.
The S&P/TSX composite index was up 252.74 points at 20,545.36.
In New York, the Dow Jones industrial average was up 115.80 points at 34,837.71. The S&P 500 index was up 8.11 points at 4,515.77, while the Nasdaq composite was down 3.15 points at 14,031.81.
The Canadian dollar traded for 73.64 cents US compared with 73.90 cents US on Thursday.
The October crude oil contract was up US$1.92 at US$85.55 per barrel and the October natural gas contract was down less than a penny at US$2.77 per mmBTU.
The December gold contract was up US$1.20 at US$1,967.10 an ounceand the December copper contract was up three cents at US$3.85 a pound.
This report by The Canadian Press was first published Sept. 1, 2023.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
