S&P/TSX composite inches higher in late morning trading despite crude oil price drop

0

TORONTO — Canada’s main stock index inched higher in late-morning trading to start a holiday-shortened week despite a drop in crude oil prices.

The S&P/TSX composite index was up 13.39 points at 20,301.19.

In New York, the Dow Jones industrial average was up 46.48 points at 34,884.64. The S&P 500 index was up 1.33 points at 4,388.49, while the Nasdaq composite was down 56.96 points at 14,624.11.

The Canadian dollar traded for 79.60 cents US compared with 80.24 cents US on Friday.

The September crude oil contract was down 99 cents at US$70.27 per barrel and the September natural gas contract was up 7.9 cents at US$4.01 per mmBTU.

The December gold contract was down US$8.80 at US$1,813.40 an ounce and the September copper contract was down 6.2 cents at US$4.37 a pound.

 

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