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S&P/TSX composite closes higher along with US markets despite falling oil prices

Canada’s main stock index closed along with US markets despite a drop in oil prices that pushed energy shares lower.

S&P /TSX The composite index closed up 153.29 points at 19,241.44 as the Bank of Canada rose 3/4 percentage point in line with expectations.

In New York, the Dow Jones Industrial Average hit 435.98 points at 31,581.28. The S&P 500 index rose 71.68 points to 3,979.87, while the Nasdaq composite added 246.99 points to 11,791.90.

The Canadian dollar traded for 75.96 US cents versus 76.11 US cents on Tuesday.

The October crude oil contract ended down $4.94 at $81.94 a barrel and the October natural gas contract was down 30 cents at $7.84/mmBTU.

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The gold contract for December delivery was up $14.90 at $1,727.80 an ounce and the December contract was down 3 cents at $3.43 a pound.

© 2022 Canadian Press

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