S&P/TSX composite up almost 200 points Monday, U.S. stock markets also rise

TORONTO — Strength in energy stocks as the price of oil once again topped US$80 per barrel helped lead a broad rally on the Toronto Stock Exchange Monday, lifting Canada's main stock index almost 200 points, while U.S. stock markets also climbed.

The S&P/TSX composite index closed up 189.39 points at 20,025.14.

In New York, the Dow Jones industrial average was up 213.08 at 34,559.98. The S&P 500 index was up 27.60 points at 4,433.31,while the Nasdaq composite was up 114.48 points at 13,705.13.

The Canadian dollar traded for 73.55 cents US compared with 73.50 cents US on Friday.

The October crude contract was up 27 cents at US$80.10 per barrel and the October natural gas contract was up less than a penny at US$2.67 per mmBTU.

The December gold contract was up US$6.90 at US$1,946.80 an ounceand the December copper contract was up less than a penny at US$3.79 a pound.

This report by The Canadian Press was first published Aug. 28, 2023.

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

The Canadian Press