S&P/TSX composite rises to all-time high while U.S. markets lose ground

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TORONTO — The technology and renewable energy sectors pushed Canada's main stock index to a new high as the loonie hovered around 83 cents US, its highest level in six years.

The Canadian dollar traded for 82.98 cents US compared with 82.77 cents US on Monday.

The gain in the loonie came as the S&P/TSX composite index added 32.40 points to a record close of 19,507.05.

In New York, the Dow Jones industrial average was down 267.13 points at 34,060.66. The S&P 500 index was down 35.46 points at 4,127.83, while the Nasdaq composite was off 75.41 points at 13,303.64.

The July crude oil contract was down 78 cents at US$65.50 per barrel and the June natural gas contract was down 9.7 cents at US$3.01 per mmBTU.

The June gold contract was up 40 cents US at US$1,868.00 an ounce and the July copper contract was up 1.4 cents at nearly US$4.73 a pound.

This report by The Canadian Press was first published May 18, 2021.

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

The Canadian Press