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HomeEntertaintmentGlobalEnergy leads S&P/TSX composite higher while U.S. markets lose early gains

Energy leads S&P/TSX composite higher while U.S. markets lose early gains

Energy leads S&P/TSX composite higher while U.S. markets lose early gains

A broad rally led by the energy sector sent Canada’s main stock index higher while U.S. markets ran out of gas after getting a morning boost.

The S&P/TSX composite index was up 201.17 points at 18,595.62.

In New York, the Dow Jones industrial average was down 215.65 points at 31,072.61. The S&P 500 index was down 32.31 points at 3,830.85, while the Nasdaq composite was down 92.37 points at 11,360.05.

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The Canadian dollar traded for 77.23 cents US compared with 76.70 cents US on Friday.

The September crude oil contract was up US$4.85 at US$99.42 per barrel and the August natural gas contract was up 46.3 cents at US$7.48 per mmBTU.

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The August gold contract was up US$6.60 at US$1,710.20 an ounce and the September copper contract was up 11.2 cents at nearly US$3.35 a pound.

© 2022 The Canadian Press

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