Materials Sector Helps Lift Stocks in Toronto, Crazy Gears Up Against US

TORONTO — The materials sector helped Canada’s main stock index march up into record high trading territory late morning.

The composite S&P/TSX index rose 39.42 points to 17,598.44

The US stock exchanges are closed for the holiday of Martin Luther King Jr.

The Canadian dollar traded for 76.58 cents in the US on Friday against a US average of 76.56 cents.

The March crude contract was up six cents to $58.64 a barrel and the February natural gas contract was down 9.1 cents to $1.91 per mmBTU.

The February gold contract rose 60 cents to US$1,560.90 an ounce and the March copper contract fell 0.3 cents to US$2.84 per pound.

This report from The Canadian Press was first published on January 20, 2020.

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

The Canadian Press