Energy and utility stocks help lift S&P/TSX composite, U.S. stocks also up

TORONTO –

Strength within the utility and vitality sectors helped lead Canada’s major inventory index increased in late-morning buying and selling, whereas U.S. inventory markets additionally climbed increased.

The S&P/TSX composite index was up 61.99 factors at 19,960.85.

In New York, the Dow Jones industrial common was up 77.77 factors at 33,781.87. The S&P 500 index was up 19.43 factors at 3,938.68, whereas the Nasdaq composite was up 88.37 factors at 10,831.00.

The Canadian greenback traded for 74.45 cents US in contrast with 74.51 cents US on Tuesday.

The February crude contract was up US$1.70 at US$76.82 per barrel and the February pure gasoline contract was down 15 cents at US$3.49 per mmBTU.

The February gold contract was down US$2.80 at US$1,873.70 an oz. and the March copper contract was up eight cents at US$4.16 a pound.

This report by The Canadian Press was first revealed Jan. 11, 2023