Markets

S&P/TSX composite finishes more than 170 points higher, U.S. markets decline

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A man watches the financial numbers at the TMX Group in Toronto's financial district, May 9, 2014. (Darren Calabrese/The Canadian Press)

TORONTO — Strength in the basic materials sector helped Canada’s main stock index close higher on Thursday, while U.S. markets lost ground.

The S&P/TSX composite index was up 176.67 points at 28,055.43.

In New York, the Dow Jones industrial average was down 152.81 points at 44,785.50. The S&P 500 index was down 25.61 points at 6,370.17, while the Nasdaq composite was down 72.54 points at 21,100.31.

The Canadian dollar traded for 71.96 cents US compared with 72.12 cents US on Wednesday.

The October crude oil contract was up 81 cents US at US$63.52 per barrel.

The December gold contract was down US$6.90 at US$3,381.60 an ounce.

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This report by The Canadian Press was first published Aug. 21, 2025.