March 1st, 2024

S&P/TSX composite essentially flat after interest rate hold, U.S. markets mixed

By The Canadian Press on January 24, 2024.

The exterior of the TMX is seen in Toronto, Wednesday, Nov. 1, 2023. THE CANADIAN PRESS/Chris Young

TORONTO – Canada’s main stock index was essentially flat Wednesday despite strength in energy stocks after the Bank of Canada held its overnight rate steady, while U.S. markets ended on a mixed note after softening throughout the afternoon.

The S&P/TSX composite index closed down 8.81 points at 21,025.78.

In New York, the Dow Jones industrial average was down 99.06 points at 37,806.39. The S&P 500 index was up 3.95 points at 4,868.55, while the Nasdaq composite was up 55.97 points at 15,481.92.

The Canadian dollar traded for 74.16 cents UScompared with 74.19 cents US on Tuesday.

The March crude oil contract was up 72 cents at US$75.09 per barreland the March natural gas contract was up 10 cents at US$2.26 per mmBTU.

The February gold contract was down US$9.80 at US$2,016.00 an ounceand the March copper contract was up nine cents at US$3.89 a pound.

This report by The Canadian Press was first published Jan. 24, 2024.

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

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