Energy sector leads stocks higher in Toronto as price of oil rises
Posted Apr 2, 2020 10:45:17 AM.
Last Updated Apr 2, 2020 11:04:29 AM.
TORONTO — The energy sector led Canada’s main stock index higher at the start of trading as the price of oil moved up.
The S&P/TSX composite index was up 153.21 points at 13,029.58.
In New York, the Dow Jones industrial average was up 25.66 points at 20,969.17. The S&P 500 index was up 8.32 points at 2,478.82, while the Nasdaq composite was up 18.63 points at 7,379.21.
The Canadian dollar traded for 70.14 cents US compared with an average of 70.34 cents US on Wednesday.
The May crude contract was up US$1.66 at US$21.97 per barrel and the May natural gas contract was down 3.9 cents at US$1.55 mmBTU.
The June gold contract was up US$34.00 at US$1,625.40 an ounce and the May copper contract was up 0.90 of a cent at US$2.18 a pound.
This report by The Canadian Press was first published April 2, 2020.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
The Canadian Press
