A street sign along Bay Street in Toronto's financial district is shown on Tuesday, Jan. 12, 2021. THE CANADIAN PRESS/Nathan Denette
TORONTO – Gains in energy stocks and base metals led Canada’s main stock index up almost 300 points in a broad-based rally Wednesday, while major tech names led a rally on U.S. stock markets, and the U.S. Federal Reserve held its key interest rate steady.
The S&P/TSX composite index closed up 286.14 points at 23,110.81.
In New York, the Dow Jones industrial average was up 99.46 points at 40,842.79. The S&P 500 index was up 85.86 points at 5,522.30, while the Nasdaq composite was up 451.98 points at 17,599.40.
The Canadian dollar traded for 72.42 cents US compared with 72.20 cents US on Tuesday.
The September crude oil contract was up US$3.18 at US$77.91 per barreland the September natural gas contract was down nine cents at US$2.04 per mmBTU.
The December gold contract was up US$21.10 at US$2,473.00 an ounceand the September copper contract was up 10 cents at US$4.18 a pound.
This report by The Canadian Press was first published July 31, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
