Home Commodities Commodities lead broad rally as S&P/TSX composite has best day in six...

Commodities lead broad rally as S&P/TSX composite has best day in six weeks

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TORONTO РA commodities led rally propelled Canada’s main stock index to its best performance in six weeks as it ended a wild week that was positive for the first time since early June.

The S&P/TSX composite index closed up 345.79 points to 19,062.91.

In New York, the Dow Jones industrial average was up 823.32 points at 31,500.68. The S&P 500 index was up 116.01 points at 3,911.74, while the Nasdaq composite was up 375.43 points or 3.3 per cent at 11,607.62.

The Canadian dollar traded for 77.32 cents US, compared with 77.03 cents US on Thursday.

The August crude contract was up US$3.35 at US$107.62 per barrel and the August natural gas contract was down slightly at US$6.28 per mmBTU.

The August gold contract was up 50 cents at US$1,830.30 an ounce and the July copper contract was essentially flat at US$3.74 a pound.

This report by The Canadian Press was first published June 24, 2022.

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

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