Money Energy stocks help push up Toronto index

19:56  07 june  2018
19:56  07 june  2018 Source:   msn.com

Energy stocks weigh on Toronto market

  Energy stocks weigh on Toronto market Canada's main stock index closed lower Monday, weighed down by losses in the energy and gold sectors as commodity prices retreated. CP

Energy stocks helped Canada’s main stock index close higher while U.S. markets were mixed and the loonie traded lower. The Toronto Stock Exchange’s S&P/TSX composite index closed up 8.85 points at 16,192.78 as losses in cannabis and mining stocks offset gains in oil and gas.

The delayed rise in energy stocks is helping the Canadian market outperform U.S. indices since energy stocks make up about 25 per cent of the market, said Bangsund. The Toronto Stock Exchange's S&P/TSX composite index closed up 35.49 points at 16,143.55.

a lit up city at night© Provided by thecanadianpress.com

TORONTO - Energy stocks helped push up Canada's main stock index this morning as the price of crude rose.

The Toronto Stock Exchange's S&P/TSX composite index was up 43.61 points to 16,227.54, after 90 minutes of trading. Gains at the energy sub-index per partly offset by a decline in two of Canada's main cannabis stocks.

In New York, the Dow Jones industrial average was up 110.79 points to 25,257.18. The S&P 500 index was down 1.15 points to 2,771.20 and the Nasdaq composite index was down 47.20 points to 7,642.04.

The Canadian dollar was trading at 77.08 cents US, down from Wednesday's average value of 77.44 cents US.

The July crude contract was up $1.05 to US$65.78 per barrel and the July natural gas contract was up six cents to US$2.96 per mmBTU.

The August gold contract was up 20 cents to US$1,301.60 an ounce and the July copper contract was up five cents to US$3.31 a pound.

Toronto stock index pulls back, loonie lower .
Canada's main stock index retreated from a record high Wednesday to close lower along with other North American markets Thursday. Trade fears were once again top of mind for investors to help push down markets in general, though the retreat in the TSX was in part due to the peak reached a day earlier, said Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel Inc.

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