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S&P/TSX composite sets new record as crude surpasses US$76 a barrel
Business Related
Yes
Canadian dollars are pictured in Vancouver, Sept. 22, 2011. THE CANADIAN PRESS/Jonathan Hayward
TORONTO – Canada’s main stock index set a new high to start the trading week as the energy sector was driven higher by crude oil prices surpassing US$76 a barrel for the first time since the fall of 2018.
The S&P/TSX composite index gained 55.35 points to a record close of 20,281.46 after reaching an intraday high about 10 points higher.
U.S. stock markets were closed for trading in observance of the July 4 holiday.
TORONTO Canada s main stock index set a new high to start the trading week as the energy sector was driven higher by crude oil prices surpassing US$76 a barrel for the first time since the fall of 2018. The S&P/TSX composite index gained 55.35 points to a record close of 20,281.46 after reaching an intraday high about 10 points higher. U.S. stock markets were closed for trading in observance of the July 4 holiday. Energy led the TSX, gaining 2.2 per cent as shares of Whitecap Resources Inc. increased 3.7 per cent and Cenovus Energy Inc. was up 3.1 per cent. The August crude oil contract was up US$1.20 at US$76.36 per barrel and the August natural gas contract was up 7.5 cents at US$3.78 per mmBTU.