S&P/TSX rebounds from last week's losses on higher energy prices

·1 min read

TORONTO — Canada's main stock index rebounded from last week's losses as higher crude oil and natural gas prices drove the energy sector higher but didn't help the loonie.

The S&P/TSX composite index closed up 33.35 points to 20,666.41.

In New York, the Dow Jones industrial average snapped a five-day losing streak by gaining 261.91 points at 34,869.63. The S&P 500 index was up 10.15 points at 4,468.73, while the Nasdaq composite was down 9.91 points at 15,105.58.

The Canadian dollar traded for 78.98 cents US compared with 79.17 cents US on Friday.

The October crude oil contract was up 73 cents at US$70.45 per barrel and the October natural gas contract was up 29.3 cents at US$5.23 per mmBTU.

The December gold contract was up US$2.30 at US$1,794.40 an ounce and the December copper contract was down 8.5 cents at nearly US$4.37 a pound.

This report by The Canadian Press was first published Sept. 13, 2021.

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

The Canadian Press

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting