S&P/TSX composite moves up on energy gains as crude hits 2 1/2 year high

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TORONTO — Canada's main stock index inched closer to the historic 20,000-point mark on gains from the energy sector as crude prices rose to a two-and-a-half-year high.

The S&P/TSX composite index closed up 28.94 points to 19,774.41.

In New York, the Dow Jones industrial average was up 141.59 points at 34,464.64. The S&P 500 index was up 4.89 points at 4,200.88, while the Nasdaq composite was down 1.72 points at 13,736.28.

The Canadian dollar traded for 82.83 cents US compared with 82.58 cents US on Wednesday.

The July crude oil contract was up 64 cents at US$66.85 per barrel and the July natural gas contract was down 6.9 cents at US$2.96 per mmBTU.

The August gold contract was down US$5.30 at US$1,898.50 an ounce and the July copper contract was up 13.35 cents at US$4.66 a pound.

This report by The Canadian Press was first published May 27, 2021.

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

The Canadian Press