The exterior of the TMX is seen in Toronto, Wednesday, Nov. 1, 2023. THE CANADIAN PRESS/Chris Young
TORONTO – Canada’s main stock index gained almost 250 points Friday on broad-based strength, while U.S. stock markets also rose as the U.S. Federal Reserve signalled it is prepared to start cutting its key interest rate.
The S&P/TSX composite index closed up 248.61 points at 23,286.08.
In New York, the Dow Jones industrial average was up 462.30 points at 41,175.08. The S&P 500 index was up 63.97 points at 5,634.61, while the Nasdaq composite was up 258.44 points at 17,877.79.
The Canadian dollar traded for 73.92 cents US compared with 73.52 cents US on Thursday.
The October crude oil contract was up US$1.82 at US$74.83 per barrel and the October natural gas contract was down a penny at US$2.18 per mmBTU.
The December gold contract was up US$29.60 at US$2,546.30 an ounce and the September copper contract was up five cents at US$4.20 a pound.
This report by The Canadian Press was first published Aug. 23, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
