Toronto market recovers from December sell off as TSX up on crude price gain

The Canadian Press</span>
Published Thursday, February 14, 2019 1:00AM EST
Last Updated Thursday, February 14, 2019 4:49PM EST

TORONTO -- Canada's main stock index has fully recovered from December's deep sell off by rising on the back of further gains in oil prices.

The S&P/TSX composite index closed up 69.25 points to 15,695.98, after hitting 15,733.13, the highest level since Oct. 9.

In New York, the Dow Jones industrial average was down 103.88 points at 25,439.39. The S&P 500 index was down 7.30 points at 2,745.73, while the Nasdaq composite was up 6.58 points at 7,426.95.

The Canadian dollar traded at an average of 75.20 cents US compared with an average of 75.53 cents US on Wednesday.

The March crude contract up 51 cents at US$54.41 per barrel and the March natural gas contract was down 0.2 of a cent at US$2.57 per mmBTU.

The April gold contract was down US$1.20 at US$1,313.90 an ounce and the March copper contract was up 0.1 of a cent at US$2.77 a pound.

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