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Money Tech and energy help lift Toronto stocks

20:08  06 july  2018
20:08  06 july  2018 Source:   msn.com

Toronto stock index pulls back, loonie lower

  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.

a wooden table © Provided by thecanadianpress.com TORONTO - The energy and technology sectors helped lift Canada's main stock index in late-morning trading, while U.S. markets also climbed higher.

The S&P/TSX composite index was up 46.43 points to 16,313.04, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 97.89 points to 24,454.63. The S&P 500 index was up 18.21 to 2,754.82 and the Nasdaq composite index was up 66.95 points to 7653.38.

The Canadian dollar was trading at 76.43 cents US, up from an average value of 76.17 cents US on Thursday.

The August crude contract was up 53 cents to US$73.47 per barrel and the August natural gas contract was up a cent US$2.85 per mmBTU.

The August gold contract was down $2.80 to US$1256.0 an ounce and the September copper contract was down two cents to US$2.81 a pound.

Energy, pot stocks pull Toronto market lower .
Canada's main stock index closed in the red as a drop in crude prices pushed energy stocks lower, while U.S. stocks were mixed. The August crude contract fell $2.95 or 4.15 per cent to close at US$68.06 after U.S. officials toned down threats against countries and businesses who buy Iranian oil.Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo said those who import Iranian oil after sanctions return in November could avoid penalties if they reduce those imports significantly, rather than cut off the trade entirely.

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