Money Toronto stocks higher, U.S. markets also gain

19:36  09 july  2018
19:36  09 july  2018 Source:   msn.com

Energy stocks help lift Toronto market

  Energy stocks help lift Toronto market TORONTO - Energy stocks helped lift Canada's main stock index at late morning as the price of oil also ticked higher.  The S&P/TSX composite index closed up 96.38 points at 16,548.72 to top the record close set a day earlier. In New York, the Dow Jones industrial average ended up 143.07 points at 24,919.66.

* At 10:16 a.m. ET (14:16 GMT), the Toronto Stock Exchange’ s S &P/TSX composite index was up 20.57 * Eight of the index’ s 11 major sectors were higher , led by 0.2 percent gain in the heavyweight financials sector. * Also supporting the market was the telecoms sector , which gained 0.67 percent.

* At 10:16 a.m. ET (14:16 GMT), the Toronto Stock Exchange' s S &P/TSX composite index was up 20.57 * Eight of the index' s 11 major sectors were higher , led by 0.2 percent gain in the heavyweight financials sector. * Also supporting the market was the telecoms sector , which gained 0.67 percent.

  Toronto stocks higher, U.S. markets also gain © Provided by thecanadianpress.com TORONTO - The industrials sector helped lift Canada's main stock index at late-morning, while U.S. stock markets also climbed higher as technology companies and banks rose.

The S&P/TSX composite index was up 48.90 points to 16,420.68, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 270.66 points to 24,727.14. The S&P 500 index was up 19.02 to 2,778.84 and the Nasdaq composite index was up 34.32 points to 7,722.71.

The Canadian dollar was trading at 76.38 cents US, up from an average value of 76.31 cents US on Friday.

The August crude contract was down 21 cents to US$73.59 per barrel and the August natural gas contract was down three cents to US$2.83 per mmBTU.

The August gold contract was up $6.90 to US$1,262.70 an ounce and the September copper contract was up three cents to US$2.85 a pound.

Toronto stocks close lower, loonie up .
Canada's main stock index closed lower on a day that saw big swings in the oil price while U.S. stocks were down on a shortened trading day ahead of the U.S. July 4 holiday. Oil was initially trading higher Tuesday, cresting US$75 a barrel for the first time since 2014 before it fell after comments by Saudi Arabia about increasing production, said Craig Jerusalim, portfolio manager at CIBC Asset Management."There were indications they had agreed to pump more oil. There had been some soft pressures from the U.S. in the form of tweets suggesting that that's a direction they wanted them to go.

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