Mining, energy stocks boost Toronto market, loonie climbs on GDP data

The Canadian Press</span>
Published Friday, June 29, 2018 5:52AM EDT
Last Updated Friday, June 29, 2018 4:34PM EDT

TORONTO -- Canada's main stock index closed up as mining and energy stocks rose, while the loonie moved higher following positive economic data.

The S&P/TSX composite index closed up 97.84 points at 16,277.73 on gains dominated by commodities.

In New York, the Dow Jones industrial average closed up 55.36 points at 24,271.41. The S&P 500 index was up 2.06 points at 2,718.37 and the Nasdaq composite index was up 6.62 points at 7,510.30.

The Canadian dollar averaged 75.94 cents US, up 0.57 of a US cent following stronger-than-expected Canadian GDP figures for April and heightened business confidence.

The August crude contract closed up 70 cents at US$74.15 per barrel and the August natural gas contract was down two cents at US$2.92 per mmBTU.

The August gold contract closed up $3.50 at US$1,254.50 an ounce and the September copper contract was unchanged at US$2.97 a pound.

Let's block ads! (Why?)