S&P/TSX composite up in early trading as energy sector and oil climbs

TORONTO — Canada’s main stock index climbed higher in early trading helped by gains in the energy sector as the price of oil rose.

The S&P/TSX composite index was up 12.88 points at 16,523.71.

In New York, the Dow Jones industrial average was up 7.62 points at 28,687.43. The S&P 500 index was up 7.69 points at 3,519.62, while the Nasdaq composite was up 53.82 points at 11,917.72.

The Canadian dollar traded for 76.10 cents US compared with 76.14 cents US on Tuesday.

The November crude contract was up 66 cents at US$40.86 per barrel and the November natural gas contract was down 21 cents at US$2.65 per mmBTU.

The December gold contract was up US$17.90 at US$1,912.50 an ounce and the December copper contract was up a penny at US$3.06 a pound.

This report by The Canadian Press was first published Oct. 14, 2020.

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

The Canadian Press