TSX fails to get same lift as U.S. markets from easing of restrictions on Huawei

The Canadian Press
Published Tuesday, May 21, 2019 1:01AM EDT
Last Updated Tuesday, May 21, 2019 4:24PM EDT

TORONTO -- Canada's main stock index failed to match the stronger gains on U.S. markets after the Trump administration temporarily eased trade restrictions on Huawei Technologies.

The S&P/TSX composite index closed up 24.72 points to 16,426.47.

In New York, the Dow Jones industrial average was up 197.43 points at 25,877.33. The S&P 500 index was up 24.13 points at 2,864.36, while the Nasdaq composite was up 83.35 points at 7,785.72.

The Canadian dollar traded at an average of 74.55 cents US compared with an average of 74.25 cents US on Friday.

The July crude contract was down eight cents at US$63.13 per barrel and the June natural gas contract was down six cents at US$2.61 per mmBTU.

The June gold contract was down US$4.10 at US$1,273.20 an ounce and the July copper contract was down 1.1 cents at US$2.715 a pound.

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