April 24th, 2024

S&P/TSX composite closes lower despite boost to energy and mining stocks

By The Canadian Press on March 25, 2024.

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on November 11, 2022. THE CANADIAN PRESS/ Tijana Martin

TORONTO – Energy and mining stocks got a boost from rising commodity prices Monday but Canada’s main stock index closed down overall to kick off a short trading week.

The S&P/TSX composite index was down 41.80 points at 21,942.28.

In New York, the Dow Jones industrial average was down 162.26 points at 39,313.64. The S&P 500 index was down 15.99 points at 5,218.19, while the Nasdaq composite was down 44.35 points at 16,384.47.

The Canadian dollar traded for 73.62 cents US compared with 73.57 cents US on Friday.

The May crude contract was up US$1.32 at US$81.95 per barrel and the May natural gas contract was down two cents at US$1.79 per mmBTU.

The April gold contract was up US$16.40 at US$2,176.40 an ounce and the May copper contract was up a penny at US$4.02 a pound.

This report by The Canadian Press was first published March 25, 2024.

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

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