S&P/TSX composite rebounds from four-day skid as energy climbs on higher crude prices

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TORONTO — Canada's main stock index snapped a four-day skid as financials rose on higher bond yields and increasing crude oil prices lifted the energy sector.

The S&P/TSX composite index closed up 33 points to 21,453.77.

In New York, the Dow Jones industrial average was up 194.55 points at 35,813.80. The S&P 500 index was up 7.76 points at 4,690.70, while the Nasdaq composite was down 79.62 points at 15,775.14.

The Canadian dollar traded for 78.70 cents US compared with 78.86 cents US on Monday.

The January crude oil contract was up US$1.75 at US$78.50 per barrel and the January natural gas contract was up 17.4 cents at US$5.04 per mmBTU.

The December gold contract was down US$22.50 at US$1,783.80 an ounce and the December copper contract was up 2.7 cents at US$4.42 a pound.

This report by The Canadian Press was first published Nov. 23, 2021.

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

The Canadian Press

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