S&P/TSX composite edges higher as U.S. stock markets fall; Loonie down
Posted May 22, 2020 9:56 am.
Last Updated May 22, 2020 10:08 am.
This article is more than 5 years old.
TORONTO — Canada’s main stock index edged higher in early trading, as gains in the materials sector outweighed losses in the financial and energy sectors.
The S&P/TSX composite index was up 4.57 points at 14,889.42.
In New York, the Dow Jones industrial average was down 125.26 points at 24,348.86. The S&P 500 index was down 11.64 points at 2,936.87, while the Nasdaq composite was down 30.08 points at 9,254.80.
The Canadian dollar traded for 71.21 cents US compared with 71.76 cents US on Thursday.
The July crude contract was down 89 cents at US$33.03 per barrel and the July natural gas contract was little changed at US$1.85 per mmBTU.
The June gold contract was up US$9.40 at US$1,731.30 an ounce and the July copper contract was down eight cents at US$2.38 a pound.
This report by The Canadian Press was first published May 22, 2020.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
The Canadian Press
