April 18th, 2024

S&P/TSX composite creeps higher after inflation report, U.S. stock markets rise

By The Canadian Press on March 19, 2024.

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

TORONTO – Canada’s main stock index eked out a gain Tuesday after a new report on inflation surprised to the downside, while U.S. markets rose ahead of Wednesday’s interest rate announcement.

The S&P/TSX composite index was up 23.40 points at 21,860.58.

In New York, the Dow Jones industrial average was up 320.33 points at 39,110.76. The S&P 500 index was up 29.09 points at 5,178.51, while the Nasdaq composite was up 63.34 points at 16,166.79.

The Canadian dollar traded for 73.63 cents UScompared with 73.85 cents US on Monday.

The May crude oil contract was up 57 cents at US$82.73 per barrel and the April natural gas contract was up four cents at US$1.74 per mmBTU.

The April gold contract was down US$4.60 at US$2,159.70 an ounceand the May copper contract was down six cents at US$4.07 a pound.

This report by The Canadian Press was first published March 19, 2024.

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

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