June 23rd, 2024

S&P/TSX composite rises as oil and copper climb, U.S. markets mixed

By The Canadian Press on May 17, 2024.

A signboard shows the closing number for the TSX in Toronto on Thursday, Oct. 29, 2020. THE CANADIAN PRESS/Frank Gunn

TORONTO – Canada’s main stock index rose on Friday, helped by gains in energy and base metal stocks as the prices of oil and copper climbed, while U.S. markets were mixed.

The S&P/TSX composite index closed up 165.54 points at 22,465.37.

In New York, the Dow Jones industrial average was up 134.21 points at 40,003.59. The S&P 500 index was up 6.17 points at 5,303.27, while the Nasdaq composite was down 12.35 points at 16,685.97.

The Canadian dollar traded for 73.45 cents UScompared with 73.42 cents US on Thursday.

The June crude oil contract was up 83 cents at US$80.06 per barreland the June natural gas contract was up 13 cents at US$2.63 per 1,000 cubic feet.

The June gold contract was up US$31.90 at US$2,417.40 an ounceand the July copper contract was up 17 cents at US$5.05 a pound.

This report by The Canadian Press was first published May 17, 2024.

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

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