Canada’s main stock index up moderately, dollar moves lower

TORONTO — Canada’s main stock index was up moderately in a broad advance that included a rebound for troubled CannTrust Holdings Inc.

The S&P/TSX composite index was up 69.28 points at 16,542.56. CannTrust shares jumped 14 per cent following the ouster of the cannabis company’s CEO and board chair amid allegations of illicit operations. 

In New York, the Dow Jones industrial average was up 24.22 points at 27,1165.20. The S&P 500 index was up 17.10 points at 3,020.77, while the Nasdaq composite was up 82.34 points at 8,320.88.

The Canadian dollar traded at 75.83 cents US, down compared with Thursday’s average of 76.07 cents US.

The September crude contract was up down 14 cents at US$55.88 per barrel and the September natural gas contract was down 7.3 cents at US$2.15 per mmBTU.

The August gold contract was up $4.50 at US$1,419.20 an ounce and the September copper contract was down 1.6 cents at $2.69 a pound.

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD, TSX:TRST)

The Canadian Press