S&P/TSX composite posts gain Monday on energy strength, U.S. markets also rise

The S&P/TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, Nov. 11, 2022. Financial markets have flip-flopped all week as analysts say a crisis in confidence over the banking sector has led to a dramatic shift in expectations for the central bank's fight against inflation, and has made a recession more likely. THE CANADIAN PRESS/Tijana Martin. TIJ

Canada’s main stock index began the week by posting a gain of more than 130 points, fueled by strength in energy stocks, while U.S. markets also rose.

The S&P/TSX composite index was up 131.71 points at 19,519.43.

In New York, the Dow Jones industrial average was up 382.60 points, or 1.2 per cent, at 32,244.58.The S&P 500 index was up 34.93 points at 3,951.57, while the Nasdaq composite was up 45.03 points at 11,675.54.

The Canadian dollar traded for 73.13 cents US compared with 72.81 cents US on Friday.

The May crude contract was up 89 cents at US$67.82 per barrel and the April natural gas contract was down 12 cents at US$2.22 per mmBTU.

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The April gold contract was up US$9.30 at US$1,982.80 an ounce and the May copper contract was up six cents at US$3.95 a pound.

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