January 18th, 2021

TSX moves near all-time high as cannabis and renewables get lift from U.S. blue wave

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

TORONTO – Canada’s main stock index moved to within reach of a record high as cannabis and renewable energy stocks got a lift from Democrats winning control of the U.S. Senate and crude oil closed above US$50 a barrel.

The S&P/TSX composite index closed up 145.60 points to 17,828.11.

In New York, the Dow Jones industrial average was up 437.80 points at 30,829.40. The S&P 500 index was up 21.28 points at 3,748.14, while the Nasdaq composite was down 78.17 points at 12,740.79.

The Canadian dollar traded for 78.83 cents US compared with 78.70 cents US on Tuesday.

The February crude oil contract was up 70 cents at US$50.63 per barrel and the February natural gas contract was up 1.4 cents at nearly US$2.72 per mmBTU.

The February gold contract was down US$45.80 at US$1,908.60 an ounce and the March copper contract was up 1.1 cents 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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