Strong performance in energy stocks contributed to a widespread rally on the Toronto Stock Exchange, with Canada’s main stock index gaining over 150 points. The price of oil exceeding US$80 per barrel played a significant role in this surge. Notably, U.S. stock markets also experienced positive gains.
The S&P/TSX composite index closed up 174.94 points at 20,010.69.
In New York, the Dow Jones industrial average rose by 162.97 points to reach 34,509.87. The S&P 500 index saw an increase of 16.94 points to reach 4,422.65, while the Nasdaq composite index experienced a gain of 67.10 points, reaching 13,657.75.
The Canadian dollar traded at 73.57 cents US, slightly higher compared to the previous trading day’s rate of 73.50 cents US.
The October crude contract rose by 58 cents to US$80.41 per barrel, while the October natural gas contract increased by 10 cents to reach US$2.76 per mmBTU.
The December gold contract saw a gain of US$6.00, reaching US$1,945.90 per ounce, while the December copper contract remained stable at just under a penny, reaching US$3.79 per pound.
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