March 12, 2022

Canada’s main stock index climbs as Oct. economic growth matches expectations


Canada’s main stock index traded higher in mid-morning trading on Thursday as Statistics Canada said the economy grew by 0.8 per cent in October to match expectations.

The S&P/TSX composite index was up 158.44 points at 21,228.49 with broad gains across sectors.

In New York, the Dow Jones industrial average was up 230.07 points at 35,983.96. The S&P 500 was up 35.93 points at 4,732.49, while the Nasdaq composite was up 122.91 points at 15,644.80.

The Canadian dollar traded for 78.04 cents US compared with 77.73 cents US on Wednesday.

The February crude contract was up 23 cents at US$72.99 per barrel and the January natural gas contract was down 22 cents at US$3.75 per mmBTU.

The February gold contract was up US$5.20 at US$1,807.40 an ounce and the March copper contract was up a penny at US$4.38 a pound.

This report by The Canadian Press was first published Dec. 23, 2021.

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