By Reuters Staff
3 Min Read
May 5 (Reuters) - Canada’s main stock index rose on Wednesday, as energy stocks gained tracking crude prices after easing restrictions in the United States and parts of Europe raised hopes of higher fuel demand in the summer season. The rise in oil prices to near two-month highs has been supported by COVID-19 vaccine rollouts in Europe and the United States where more than 40% of U.S. adults have received a vaccine. That helped the energy sector climb 1%. At 09:40 a.m. ET (1340 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 48.66 points, or 0.25%, at 19,236.69.
TSX rises as energy stocks boost
05/05/2021 | 10:52am EDT
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(Reuters) - Canada s main stock index rose on Wednesday, as energy stocks gained tracking crude prices after easing restrictions in the United States and parts of Europe raised hopes of higher fuel demand in the summer season. The rise in oil prices to near two-month highs has been supported by COVID-19 vaccine rollouts in Europe and the United States where more than 40% of U.S. adults have received a vaccine. That helped the energy sector climb 1%. [O/R] At 09:40 a.m. ET (1340 GMT), the Toronto Stock Exchange s S&P/TSX composite index was up 48.66 points, or 0.25%, at 19,236.69.
London s FTSE 100 clocked its best day in
over two months on Wednesday, supported by gains in heavyweight
mining and banking stocks on recovery optimism, while shares of
Croda International jumped. | May 5, 2021
CANADA STOCKS-TSX edges higher on energy boost Reuters 6 hrs ago
May 4 (Reuters) - Canada s main stock index rose on Tuesday, helped by energy stocks as crude prices gained on optimism over fuel demand, although data showing the country s C$1.1 billion trade deficit in March capped gains.
Popular Searches Oil prices rose after more U.S. states eased lockdowns and the European Union sought to attract travellers. Canada s trade balance shifted back to a deficit in March following two consecutive months of surplus, as imports jumped significantly while exports edged up slightly, Statistics Canada said. The energy sector climbed 0.7% as U.S. crude prices were up 1.7% a barrel, while Brent crude added 1.7%.
Wall Street ends lower, weighed down by Apple
04/30/2021 | 04:25pm EDT
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(Reuters) - Wall Street ended lower on Friday, with Amazon, Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports.
A day after the S&P 500 closed at a record high, Apple, Google-parent Alphabet and Facebook each gave back gains following upbeat quarterly reports this week.
Amazon.com Inc ended down 0.1% after it posted record profit late on Thursday and signaled that consumers would keep spending in a growing U.S. economy. Amazon had been up over 2% earlier in the session.