S&P/TSX composite up on energy gains Monday, U.S. markets also rise

TORONTO — Strength in energy stocks helped buoy Canada's main stock index Monday, while U.S. stock markets also posted gains.

The S&P/TSX composite index closed up 34.61 points at 20,582.12.

In New York, the Dow Jones industrial average ended up 183.55 points at 35,411.24. The S&P 500 index was up 18.30 points at 4,554.64, while the Nasdaq composite was up 26.06 points at 14,058.87.

The Canadian dollar traded for 75.92 cents US compared with 75.69 cents US on Friday.

The September crude oil contract was up $1.67 at US$78.74 per barrel and the September natural gas contract was down two cents at US$2.69 per mmBTU.

The August gold contract was down US$4.40 at US$1,962.20 an ounce and the September copper contract was up four cents at US$3.86 a pound.

This report by The Canadian Press was first published July 24, 2023.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

Note to readers: This is a corrected story. A previous version had the incorrect CAD/USD exchange rate for Friday July 21.