March 3rd, 2024

Energy stocks help S&P/TSX composite rise almost 100 points, U.S. markets move higher

By The Canadian Press on December 18, 2023.

TD Bank and Bank of Montreal signage is pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj

TORONTO – Strength in energy stocks helped Canada’s main stock index gain almost 100 points Monday, while U.S. markets were also higher.

The S&P/TSX composite index closed up 93.56 points at 20,622.71.

In New York, the Dow Jones industrial average was up 0.86 points at 37,306.02. The S&P 500 index was up 21.37 points at 4,740.56,while the Nasdaq composite was up 90.89 points at 14,904.81.

The Canadian dollar traded for 74.70 cents US compared with 74.75 cents US on Friday.

The February crude oil contract was up US$1.04 at US$72.82 per barrel and the January natural gas contract was up one cent at US$2.50 per mmBTU.

The February gold contract was up US$4.80 at US$2,040.50 an ounceand the March copper contract was down four cents at US$3.85 a pound.

This report by The Canadian Press was first published Dec. 18, 2023.

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

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