S&P/TSX composite creeps higher as commodity prices rise, U.S. stocks down

A sign board displays the TSX level in Toronto, Friday, June 4, 2021. THE CANADIAN PRESS/Frank Gunn. FNG

Strength in the energy and base metal sectors helped Canada’s main stock index creep higher as commodity prices rose, while U.S. stock markets were down in late-morning trading.

The S&P/TSX composite index was up 17.18 points at 20,237.67.

In New York, the Dow Jones industrial average was down 169.16 points at 33,680.30. The S&P 500 index was down 23.44 points at 3,940.50, while the Nasdaq composite was down 101.33 points at 10,948.17.

Read more: S&P/TSX composite down on oil pessimism, U.S. markets fall further

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The Canadian dollar traded for 73.47 cents US compared with 74.33 cents US on Monday.

The January crude oil contract was up US$1.90 at US$79.14 per barrel and the January natural gas contract was up 17 cents at US$7.36 per mmBTU.

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The February gold contract was up US$13.40 at US$1,768.70 an ounce and the March copper contract was up three cents at US$3.65 a pound.

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