TSX jumps over 1 as oil prices hit highest level this year

TORONTO — Canada’s largest stock market finished the day with a healthy three-digit gain after crude prices hit their highest level this year.The Toronto Stock Exchange’s S&P/TSX composite index climbed 171.10 points, or about 1.3 per cent, rising to 13,383.60.All sectors except one on the heavily commodity-weighted index were up, with health care stocks advancing four per cent, followed by metals and mining at 2.66 per cent and gold at 2.33 per cent.New York markets were much more tepid as the Dow Jones industrial average added 67.18 points at 17,073.95.The broader S&P 500 composite index was barely changed, up 1.77 points at 2,001.76 and the Nasdaq composite index lost 8.77 points at 4,708.25.The Canadian dollar was at 75.32 cents US, up 0.27 of a U.S. cent.Commodities were mostly higher, with the April crude contract gaining $1.98 to US$37.90 per barrel, its highest price this year.April natural gas was up two cents at US$1.69 per mmBtu, while May copper was unchanged at US$2.28 a pound.Investors shied away from bullion as the April gold contract fell $6.70 to US$1,264 an ounce.

Leave a Reply

Your email address will not be published. Required fields are marked *