S&P/TSX composite up more than 100 points as oil rises, U.S. stock markets down

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Published February 10, 2022 at 11:37 am

TORONTO — Gains in the energy and base metal sectors helped Canada’s main stock index gain more than 100 points in late-morning trading as the price of oil rose to more than US$90 a barrel.

The S&P/TSX composite index was up 122.22 points at 21,726.41.

In New York, the Dow Jones industrial average was down 169.08 points at 35,598.98. The S&P 500 index was down 28.58 points at 4,558.60, while the Nasdaq composite was down 98.65 points at 14,391.72.

The Canadian dollar traded for 79.05 cents US compared with 78.86 cents US on Wednesday.

The March crude contract was up US$1.59 at US$91.25 per barrel and the March natural gas contract was down nine cents at US$3.92 per mmBTU.

The April gold contract was up US$2.90 at US$1,839.50 an ounce and the March copper contract was up nine cents at US$4.69 a pound.

This report by The Canadian Press was first published Feb. 10, 2022.

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

The Canadian Press

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