S&P/TSX composite up more than 100 points as oil and other commodity prices rally

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Published December 16, 2021 at 11:27 am

TORONTO — Gains in the energy sector helped Canada’s main stock index post a triple-digit advance in late-morning trading as the price of oil and other commodities climbed higher, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 126.61 points at 20,895.77.

In New York, the Dow Jones industrial average was up 166.08 points at 36,093.51. The S&P 500 index was down 1.00 points at 4,708.85, while the Nasdaq composite was down 180.34 points at 15,385.24.

The Canadian dollar traded for 78.27 cents US compared with 77.56 cents US on Wednesday.

The February crude oil contract was up US$1.15 at US$71.81 per barrel and the January natural gas contract was up seven cents at US$3.87 per mmBTU.

The February gold contract was up US$33.20 at US$1,797.70 an ounce and the March copper contract was up 12 cents at US$4.30 a pound.

This report by The Canadian Press was first published Dec. 16, 2021.

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

The Canadian Press

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