Broad gains lift S&P/TSX composite almost 200 points; U.S. stock markets also rise

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Published January 31, 2022 at 11:24 am

TORONTO — Broad gains helped Canada’s main stock index rise close to 200 points in late-morning trading, while U.S. stock markets were also up.

The S&P/TSX composite index was up 198.66 points at 20,940.41 as energy, tech and financials rose.

In New York, the Dow Jones industrial average was up 8.19 points at 34,733.66. The S&P 500 index was up 29.72 points at 4,461.57, while the Nasdaq composite was up 247.77 points at 14,018.34.

The Canadian dollar traded for 78.63 cents US compared with 78.30 cents US on Friday.

The March crude contract was up 25 cents at US$87.07 per barrel and the March natural gas contract was up seven cents at US$4.71 per mmBTU.

The April gold contract was up US$10.10 at US$1,796.70 an ounce and the March copper contract was flat at US$4.31 a pound.

This report by The Canadian Press was first published Jan. 31, 2022.

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

The Canadian Press

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