S&P/TSX composite closes up 400 points in broad-based rally

TORONTO –

Canada’s stock index was able to gain over 400 points on Friday due to a broad-based rally. U.S. stocks also gained ground.

The S&P/TSX composite index closed up 400.76 points at 20,099.81.

New York: The Dow Jones industrial index was up 466.36 point at 32,196.66. The S&P 500 index was up 93.81 points at 4,023.89, while the Nasdaq composite was up 434.04 points at 11,805.00.

On Thursday, the Canadian dollar was traded at 77.20 US cents, compared to 76.69 US cents.

The June crude oil contract rose $4.36 to US$110.49/barrel, while the June natural gas contract fell 8 cents to US$7.67/mmBTU.

The June gold contract dropped US$16.40 at US$1,808.20 per ounce. The July copper contract was up eightc at US$4.18/lb.

This report was published by The Canadian Press May 13, 2022.