TORONTO – Canada’s main stock index achieved another record high close Friday, after also hitting an all-time intraday record thanks to growing investor optimism about future interest rate cuts.
The S&P/TSX composite index was up 129.39 points at 22,673.52.
In New York, the Dow Jones industrial average was up 247.15 points at 40,000.90. The S&P 500 index was up 30.81 points at 5,615.35, while the Nasdaq composite was up 115.04 points at 18,398.45.
The Canadian dollar traded for 73.38 cents US compared with 73.40 cents US on Thursday.
The August crude oil contract was down 41 cents at US$82.21 per barrel and the August natural gas contract was up five cents at US$2.27 per mmBTU.
The August gold contract was down US$1.20 at US$2,420.70 an ounce and the September copper contract was up eight cents at US$4.59 a pound.
This report by The Canadian Press was first published July 12, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
