TSX rises in early trading as energy, gold and loonie reach multi-month highs

TORONTO — Canada’s main stock index rose in early morning trading as energy, gold and loonie reached multi-month highs.

The S&P/TSX composite index was up 115.23 points at 16,483.26.

In New York, the Dow Jones industrial average was up 207.52 points at 27,035.99. The S&P 500 index was up 16.25 points at 3,322.76, while the Nasdaq composite was up 16.05 points at 10,957.22 after surpassing 11,000 for the first time.

The Canadian dollar traded for 75.41 US compared with 74.78 on Tuesday.

The September crude contract was up US$1.70 at US$43.40 per barrel and the September natural gas contract was up 1.8 cents US$2.21 per mmBTU.

The December gold contract was up US$34.90 at US$2,055.90 an ounce. The September copper contract was up 3.6 cents at US$2.93 a pound.

This report by The Canadian Press was first published Aug. 5, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press