January 18th, 2021

S&P/TSX composite climbs higher in early trading, U.S. stock markets mixed

By The Canadian Press on January 6, 2021.

Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

OTTAWA – Gains in the financial and metals and mining sectors helped boost Canada’s main stock index in early trading, while the health-care sector which includes the big cannabis companies also surged higher.

The S&P/TSX composite index was up 94.44 points at 17,776.95.

In New York, the Dow Jones industrial average was up 59.69 points at 30,451.29. The S&P 500 index was down 4.42 points at 3,722.44, while the Nasdaq composite was down 110.90 points at 12,708.06.

The Canadian dollar traded for 78.66 cents US compared with 78.70 cents US on Tuesday.

The February crude oil contract was unchanged at US$49.93 per barrel and the February natural gas contract was down four cents at US$2.66 per mmBTU.

The February gold contract was down US$16.90 at US$1,937.50 an ounce and the March copper contract was down a penny at US$3.65 a pound.

This report by The Canadian Press was first published Jan. 6, 2021.

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

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