TORONTO – Strength in the energy sector as the price of oil climbed higher helped boost Canada’s main stock index in late-morning trading, while U.S. stock markets fell.
The S&P/TSX composite index was up 47.81 points at 25,001.33.
In New York, the Dow Jones industrial average was down 137.23 points at 41,081.60. The S&P 500 index was down 15.98 points at 5,634.40, while the Nasdaq composite was down 83.32 points at 17,760.92.
The Canadian dollar traded for 72.57 cents US compared with 72.40 cents US on Monday.
The June crude oil contract was up US$2.42 at US$59.55 per barrel and the June natural gas contract was up six cents at US$3.61 per mmBTU.
The June gold contract was up US$78.10 at US$3,400.40 an ounce and the July copper contract was up eight cents US at US$4.78 a pound.
This report by The Canadian Press was first published May 6, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
