Skip to content

Tech stocks help S&P/TSX composite climb despite weakness in energy

TORONTO — Gains in technology stocks helped offset weakness in the energy sector as Canada's main stock index climbed higher on Friday, while U.S. stock markets took a breather. The S&P/TSX composite index was up 34.41 points at 25,468.49.
2beef86beaa7fb46532b3d4ed6543c6c0f5c17896967627678a1176079e59245
The exterior of the TMX is seen in Toronto, Wednesday, Nov. 1, 2023. THE CANADIAN PRESS/Chris Young

TORONTO — Gains in technology stocks helped offset weakness in the energy sector as Canada's main stock index climbed higher on Friday, while U.S. stock markets took a breather.

The S&P/TSX composite index was up 34.41 points at 25,468.49.

In New York, the Dow Jones industrial average was down 140.82 points at 44,424.25. The S&P 500 index was down 17.47 points at 6,101.24, while the Nasdaq composite was down 99.38 points at 19,954.30.

The Canadian dollar traded for 69.75 cents US compared with 69.58 cents US on Thursday.

The March crude oil contract was up four cents at US$74.66 per barrel and the March natural gas contract was down two cents at US$3.45 per mmBTU.

The February gold contract was up US$13.90 at US$2,778.90 an ounce and the March copper contract was down less than a penny at US$4.32 a pound.

This report by The Canadian Press was first published Jan. 24, 2025.

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

The Canadian Press