March 3rd, 2024

Energy stocks help S&P/TSX composite gain two per cent, U.S. stock markets also rise

By The Canadian Press on December 13, 2023.

TORONTO – Strength in energy, utilities and base metals helped lead Canada’s main stock index up almost two per cent on Wednesday, while U.S. markets also jumped after the U.S. Federal Reserve announced it is keeping its overnight rate unchanged.

The S&P/TSX composite index gained 395.61 points at 20,629.45.

In New York, the Dow Jones industrial average was up 512.30 points at 37,090.24. The S&P 500 index was up 63.39 points at 4,707.09, while the Nasdaq composite was up 200.57 points at 14,733.96.

The Canadian dollar traded for 73.74 cents US compared with 73.53 cents US on Tuesday.

The January crude contract was up 86 cents at US$69.47 per barrel and the January natural gas contract was up two cents at US$2.34 per mmBTU.

The February gold contract was up US$4.10 at US$1,997.30 an ounce and the March copper contract was unchanged at US$3.79 a pound.

This report by The Canadian Press was first published Dec. 13, 2023.

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

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