TSX sets record despite crude prices dropping after hitting six-year high

·1 min read

TORONTO — Canada's main stock index rose to a new record close after crude oil prices briefly hit their highest levels in six-years.

The S&P/TSX composite index closed up 18.57 points to 20,300.03.

In New York, the Dow Jones industrial average was down 208.98 points at 34,577.37. The S&P 500 index was down 8.80 points at 4,343.54, while the Nasdaq composite was up 24.31 points at 14,663.64.

The Canadian dollar traded for 80.35 cents US compared with 81.02 cents US on Monday.

The August crude contract was down US$1.79 at US$73.37 per barrel after climbing to a high of nearly US$77. The August natural gas contract was down 6.3 cents at nearly US$3.64 per mmBTU.

The August gold contract was up US$10.90 at US$1,794.20 an ounce and the September copper contract was down 2.5 cents at US$4.25 a pound.

This report by The Canadian Press was first published July 6, 2021.

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

The Canadian Press

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