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Money Energy stocks help push up Toronto index

19:56  07 june  2018
19:56  07 june  2018 Source:

Energy stocks weigh on Toronto market

  Energy stocks weigh on Toronto market Canada's main stock index closed lower Monday, weighed down by losses in the energy and gold sectors as commodity prices retreated. CP

The delayed rise in energy stocks is helping the Canadian market outperform U.S. indices since energy stocks make up about 25 per cent of the market, said Bangsund. The Toronto Stock Exchange's S&P/TSX composite index closed up 35.49 points at 16,143.55.

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TORONTO - Energy stocks helped push up Canada's main stock index this morning as the price of crude rose.

The Toronto Stock Exchange's S&P/TSX composite index was up 43.61 points to 16,227.54, after 90 minutes of trading. Gains at the energy sub-index per partly offset by a decline in two of Canada's main cannabis stocks.

In New York, the Dow Jones industrial average was up 110.79 points to 25,257.18. The S&P 500 index was down 1.15 points to 2,771.20 and the Nasdaq composite index was down 47.20 points to 7,642.04.

The Canadian dollar was trading at 77.08 cents US, down from Wednesday's average value of 77.44 cents US.

The July crude contract was up $1.05 to US$65.78 per barrel and the July natural gas contract was up six cents to US$2.96 per mmBTU.

The August gold contract was up 20 cents to US$1,301.60 an ounce and the July copper contract was up five cents to US$3.31 a pound.

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