December 14th, 2024

S&P/TSX composite gains almost 200 points as oil rises, U.S. markets hit new highs

By The Canadian Press on March 1, 2024.

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index gained almost 200 points on Friday, helped by strength in energy stocks as the price of oil moved higher, while U.S. markets closed out the week with new record highs.

The S&P/TSX composite index closed up 188.74 points at 21,552.35.

In New York, the Dow Jones industrial average was up 90.99 points at 39,087.38. The S&P 500 index was up 40.81 points at 5,137.08,while the Nasdaq composite was up 183.02 points at 16,274.94.

The Canadian dollar traded for 73.72 cents US compared with 73.69 cents US on Thursday.

The April crude contract was up US$1.71 at US$79.97 per barreland the April natural gas contract was down three cents at US$1.84 per mmBTU.

The April gold contract was up US$41 at US$2,095.70 an ounce and the May copper contract was up a penny at US$3.86 a pound.

This report by The Canadian Press was first published March 1, 2024.

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

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