Toronto stock market higher on rising gold, oil; U.S. indexes close lower
Posted Apr 1, 2015 07:38:46 AM.
This article is more than 5 years old.
TORONTO – The Toronto stock market was solidly higher as rising oil and gold prices offset disappointing economic data south of the border.
The S&P/TSX composite index closed up 40.11 points at 14,942.55.
In the U.S., the Dow Jones industrial average was down 77.94 points at 17,698.18; the Nasdaq lost 20.66 points to 4,880.23 and the S&P 500 was off 8.20 points at 2,059.69.
The May crude oil contract was up $2.49 at US$50.09 a barrel as U.S. domestic crude production fell for the first time since the end of January.
Gold prices also rose sharply, with the June bullion contract up $25 at US$1,208.20 an ounce, sending the gold sector on the TSX higher.
The loonie rose 0.25 of a U.S. cent to 79.20 cents.
