S&P/TSX Composite Index Sees Gains Alongside U.S. Markets

TORONTO — The main stock index of Canada saw broad-based gains on Friday morning, contributing to a positive trading day. The S&P/TSX composite index rose by 122.10 points, reaching 25,020.13.

In parallel, U.S. stock markets also experienced upward movement. The Dow Jones industrial average increased by 171.70 points, climbing to 42,563.97. The S&P 500 index was up 39.27 points, standing at 5,907.82, while the Nasdaq composite gained 172.69 points to reach 19,453.49.

The Canadian dollar traded at 69.28 cents against the U.S. dollar, a slight decrease from 69.36 cents the previous day.

On the commodities front, the February crude oil contract increased by 65 cents, totaling US$73.78 per barrel. However, the February natural gas contract saw a decline of 28 cents, landing at US$3.38 per mmBTU.

In terms of precious metals, the February gold contract fell by US$10.70, settling at US$2,658.30 per ounce. Conversely, the March copper contract noted an uptick of four cents, reaching US$4.06 per pound.

This trading session indicates a positive trend for investors amid various market dynamics surrounding commodities and currency exchange rates.

Stocks, Market, Canada