S&P/TSX composite up in early trading as energy and metals and mining sectors climb

stock market

TORONTO — Gains in the energy and metals and mining sectors helped lift Canada’s main stock index higher as the first trading day of the year began, while U.S. stock markets fell.

The S&P/TSX composite index was up 108.06 points at 17,541.42.

In New York, the Dow Jones industrial average was down 52.39 points at 30,554.09. The S&P 500 index was down 2.72 points at 3,753.35, while the Nasdaq composite was down 8.32 points at 12,879.96.

The Canadian dollar traded for 78.72 cents US compared with 78.54 cents US on Dec. 31.

The February crude oil contract was down 11 cents at US$48.41 per barrel and the February natural gas contract was up nine cents at US$2.63 per mmBTU.

The February gold contract was up US$49.40 at US$1,944.50 an ounce and the March copper contract was up seven cents at US$3.59 a pound.

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