Gold Stocks Help Push TSX Higher, Canadian Dollar Down
TORONTO—Rising gold stocks helped push Canada’s largest stock market higher, while Wall Street made modest gains.
The S&P/TSX composite index added 17.65 points at 15,269.85, while the Canadian dollar was down 0.41 of a cent to 74.53 cents U.S.
In New York, the Dow Jones industrial average advanced 39.65 points at 19,883.06 and the S&P 500 climbed 4.46 points to 2,262.53. The Nasdaq composite rose 20.28 points to 5,457.44.
In commodities, the February gold contract rose $5.30 to $1,142.70 (U.S.) an ounce.
Oil prices had been lower earlier in the day, but the January crude oil contract managed to gain 22 cents at $52.12 per barrel by the close. The February contract, which had a larger trading volume, added 11 cents to finish at $53.06 per barrel.
The January natural gas contract lost two cents at $3.39 per mmBtu and March copper contracts dropped seven cents at $2.50 per pound.