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Base metal stocks prop up S&P/TSX composite, tech and telecom stocks fall

TORONTO — Strength in base metal stocks helped prop up Canada's main stock index in late-morning trading even as it saw losses in the telecommunications and technology sectors. The S&P/TSX composite index was up 5.07 points at 25,574.91.
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The Bay Street financial district is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

TORONTO — Strength in base metal stocks helped prop up Canada's main stock index in late-morning trading even as it saw losses in the telecommunications and technology sectors.

The S&P/TSX composite index was up 5.07 points at 25,574.91.

In New York, the Dow Jones industrial average was down 78.95 points at 44,794.33. The S&P 500 index was up 14.14 points at 6,075.62, while the Nasdaq composite was up 48.99 points at 19,741.32.

The Canadian dollar traded for 69.90 cents US compared with 69.95 cents US on Wednesday.

The March crude oil contract was up 21 cents at US$71.24 per barrel and the March natural gas contract was up less than a penny at US$3.37 per mmBTU.

The April gold contract was down US$18.10 at US$2,874.90 an ounce and the March copper contract was up less than a penny at US$4.45 a pound.

This report by The Canadian Press was first published Feb. 6, 2025.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press

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