Canada’s primary stock market index showed a slow upward movement on Friday morning, thanks to the energy and telecom sectors, while the tech and metals sectors held it back. Meanwhile, the U.S. markets displayed mixed performance.
The S&P/TSX composite index rose by 24.32 points to reach 20,367.20, completing a week of gains that began on August 4.
In New York, the Dow Jones industrial average increased by 36.55 points to 35,212.70. However, the S&P 500 index declined by 13.42 points to 4,455.41, and the Nasdaq composite decreased by 113.71 points to 13,624.28.
The Canadian dollar traded at 74.46 cents US compared to Thursday’s rate of 74.58 cents US.
The September crude oil contract saw an increase of 60 cents, reaching US$83.42 per barrel, while the September natural gas contract decreased by five cents to US$2.71 per mmBTU.
The December gold contract remained steady at US$1,947.90 an ounce, while the September copper contract declined by four cents to US$3.73 a pound.
© 2023 The Canadian Press
