S&P/TSX composite higher in late-morning trading as price of oil climbs higher

[view original post]

TORONTO — Gains in the energy sector helped lift Canada’s main stock index higher in late-morning trading as the price of oil topped US$80 a barrel and U.S. stock markets were mixed.

The S&P/TSX composite index was up 73.42 points at 21,145.74.

In New York, the Dow Jones industrial average was down 68.38 points at 36,000.49. The S&P 500 index was up 10.38 points at 4,680.67, while the Nasdaq composite was up 127.87 points at 15,070.70.

The Canadian dollar traded for 79.29 cents US compared with 78.87 cents US on Monday.

The February crude contract was up US$1.84 at US$80.07 per barrel and the February natural gas contract was down a penny at US$4.07 per mmBTU.

The February gold contract was up US$12.10 at US$1,810.90 an ounce and the March copper contract was up five cents at US$4.41 a pound.

This report by The Canadian Press was first published Jan. 11, 2022.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press