TSX rises on gains in financial and materials sectors; U.S. down on day


Canada’s main stock index rose to within striking distance of an all-time high, while U.S. markets fell on disappointing bank results.

The S&P/TSX composite index closed up 34.93 points to 16,515.46, after hitting an intraday high of 16,532.67.

In New York, the Dow Jones industrial average was down 27.53 points at 26,384.77. The S&P 500 index was down 1.83 points at 2,905.58, while the Nasdaq composite was down 8.15 points at 7,976/01.

The Canadian dollar traded at an average of 74.88 cents US compared with an average of 75.02 cents US on Friday.

The May crude contract was down 49 cents at US$63.40 per barrel and the May natural gas contract was down seven cents at US$2.59 per mmBTU.

The June gold contract was down US$3.90 at US$1,291.30 an ounce and the May copper contract was down 1.1 cents at US$2.93 a pound.