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Jan 15, 2019

Energy sector helps lift Toronto stocks as price of oil heads higher

BNN Bloomberg's closing bell update: Jan. 15, 2019

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TORONTO -- Canada's main stock index closed higher as oil prices rose while U.S. markets were boosted in part by gains in the tech sector.

The S&P/TSX composite index closed up 70.75 points at 15,046.28.

In New York, the Dow Jones industrial average ended up 155.75 points at 24,065.59. The S&P 500 index was up 27.69 points at 2,601.30, while the Nasdaq composite was up 117.92 points at 7,023.83.

The Canadian dollar averaged 75.38 cents US, up 0.02 of a US cent from Monday.

The February crude contract closed up US$1.60 at US$52.11 per barrel and the February natural gas contract ended down nine cents at US$3.50 per mmBTU.

The February gold contract closed down US$2.90 at US$1,288.40 an ounce and the March copper contract was unchanged at US$2.63 a pound.

 

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