TSX gets lift from U.S.-China trade truce and Alta. move helping oil prices

The Canadian Press</span>
Published Monday, December 3, 2018 11:39PM EST
Last Updated Tuesday, December 4, 2018 10:53AM EST

TORONTO -- Canada's main stock index began the week higher as investors felt relief from a preliminary trade truce between the U.S. and China and oil prices got a lift in part from Alberta production cuts.

The S&P/TSX composite index closed up 77.16 points to 15,274.98.

In New York, the Dow Jones industrial average was up 287.97 points at 25,826.43. The S&P 500 index gained 30.20 points at 2,790.37, while the Nasdaq composite was up 110.98 points at 7,441.51.

The Canadian dollar traded at an average of 75.81 cents US compared with an average of 75.18 cents US on Friday.

The January crude contract was up US$2.02 at US$52.95 per barrel and the January natural gas contract was down 27.3 cents at US$4.34 per mmBTU.

The February gold contract was up US$13.60 at US$1,239.60 an ounce and the March copper contract was up 2.2 cents at US$2.81 a pound.

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