S&P/TSX composite posts rebound as oil prices rise, while shine comes off gold

·1 min read

TORONTO — Canada's main stock index rebounded as higher crude oil prices powered the energy sector while a hawkish tone from the U.S. Fed took the shine off gold.

The S&P/TSX composite index closed up 32.54 points to 21,072.20.

In New York, the Dow Jones industrial average was down 170.64 points at 36,236.47. The S&P 500 index was down 4.53 points at 4,696.05, while the Nasdaq composite was down 19.30 points at 15,080.87.

The Canadian dollar traded for 78.49 cents US compared with 78.63 cents US on Wednesday.

The February crude contract was up US$1.61 at US$79.46 per barrel and the February natural gas contract was down seven cents at US$3.81 per mmBTU.

The February gold contract was down US$35.90 at US$1,789.20 an ounce and the March copper contract was down 5.9 cents at US$4.35 a pound.

This report by The Canadian Press was first published Jan. 6, 2022.

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

The Canadian Press

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