S&P/TSX Composite Index Rises Over 200 Points Amid U.S. Stock Gains

TORONTO — In late-morning trading, Canada’s primary stock index, the S&P/TSX composite, saw a significant increase, gaining more than 200 points, fueled by strong performances in sectors such as base metals, technology, and utilities. The index was up 209.26 points, reaching a total of 25,055.46 points.

Meanwhile, U.S. stock markets also displayed positive movement. The Dow Jones industrial average climbed 444.81 points, standing at 43,597.94. The S&P 500 index reported an increase of 66.58 points, reaching 6,003.92, while the Nasdaq composite surged by 295.97 points, totaling 19,634.26.

On the currency front, the Canadian dollar traded at 69.40 cents USD, showing a slight decline from 69.50 cents USD the previous Thursday.

In terms of commodities, the March crude oil contract fell by 60 cents, bringing the price to US$77.25 per barrel. Additionally, the February natural gas contract decreased by two cents, reaching US$3.53 per mmBTU.

In precious metals, the February gold contract increased by US$3.50, reaching US$2,754.40 an ounce. Conversely, the March copper contract saw a minor reduction, dropping by a penny to US$4.36 per pound.

This report provides a snapshot of the current market dynamics on January 17, 2025, highlighting the notable performance of both Canadian and U.S. stock markets.

Stocks, Market, Canada