Home > News Updates > Financial News > Securities
Canadian Stock Market up Due to Rising Oil Price-Aug 22
 

Canada's main stock index rose Tuesday because oil prices jumped.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index edged up 33.08 points, or 0.22 percent to close the day at 14,984.96.

On the economic front, Canadian retail trade grew less than expected in June, edging up 0.1 percent after three months of solid growth, pulled down by declines in sales of autos and gas, according to Statistics Canada Tuesday. It predicted a 0.3 percent advance in retail trade in June.

The Canadian dollar inched ahead 0.002 cents to 79.62 cents U.S.

Four of the 12 market subgroups were negative Tuesday, with gold stocks retreating 0.83 percent, materials off 0.46 percent and telecom issues falling 0.30 percent.

On the upside, base metal stocks were up 1.20 percent, consumer discretionary stocks rose 0.84 percent and health-care issues gained 0.70 percent.

Gold prices were down 4.63 to 1,287.33 U.S. dollars an ounce while crude oil contract gained 30 cents to 47.83 U.S. dollars per barrel.


(www.chinaview.cn 2017-08-23)
Close