S&P/TSX composite has best day of year as crude reaches highest level in two months

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TORONTO — Canada's main stock index enjoyed its strongest day of 2022 as the price of oil closed above US$80 a barrel to its highest level in two months.

The S&P/TSX composite index gained 202.49 points to 21,274.

In New York, the Dow Jones industrial average was up 183.15 points at 36,252.02. The S&P 500 index was up 42.78 points at 4,713.07, while the Nasdaq composite was up 210.62 points at 15,153.45.

The Canadian dollar traded for 79.33 cents US compared with 78.87 cents US on Monday.

The February crude contract was up US$2.99 at US$81.22 per barrel and the February natural gas contract was up 17 cents at US$4.25 per mmBTU.

The February gold contract was up US$19.70 at US$1,818.50 an ounce and the March copper contract was up 7.7 cents at US$4.43 a pound.

This report by The Canadian Press was first published Jan. 11, 2022.

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

The Canadian Press

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