TORONTO — Canada’s main stock index gained more than 160 points to start the trading week as the price of gold soared to a record high.
The S&P/TSX composite index advanced 164.27 points to 16,161.33.
In New York, the Dow Jones industrial average rose 114.88 points to 26,584.77. The S&P 500 index gained 23.78 points to 3,239.41, while the Nasdaq composite moved up 173.09 points to 10,536.27.
The Canadian dollar traded for 74.75 cents US compared with 74.51 cents on Friday.
The September crude contract gained 31 cents at US$41.60 per barrel and the September natural gas contract was down 8.1 cents at nearly US$1.79 per mmBTU.
The August gold contract advanced US$33.50 to US$1,931.00 an ounce after reaching a high of US$1,941.90 and the September copper contract rose about a penny at nearly $2.90 a pound.
This report by The Canadian Press was first published July 27, 2020.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
