January 19th, 2021

Toronto stock market rises as crude oil prices reach highest level in 10 months

By The Canadian Press on January 5, 2021.

The TMX broadcast centre is shown in Toronto on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

TORONTO – Canada’s main stock index rose to its highest level since February as the energy sector was powered by oil prices surging to a 10-month high.

The S&P/TSX composite index closed up 154.74 points to 17,682.51.

In New York, the Dow Jones industrial average was up 167.71 points at 30,391.60. The S&P 500 index was up 26.21 points at 3,726.86, while the Nasdaq composite was up 120.51 points at 12,818.96.

The Canadian dollar traded for 78.70 cents US compared with 78.43 cents US on Monday.

The February crude oil contract was up US$2.31 at US$49.93 per barrel and the February natural gas contract was up 12.1 cents at US$2.70 per mmBTU.

The February gold contract was up US$7.80 at US$1,954.40 an ounce and the March copper contract was up 8.5 cents at US$3.64 a pound.

This report by The Canadian Press was first published Jan. 5, 2021.

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

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