The Toronto Stock Exchange’s benchmark index rose at the start of trading Tuesday, as higher oil and gold prices helped push it toward what could be a sixth-straight day of gains.
Shortly after the open, the S&P/TSX composite was up 35.39 points, or 0.26 per cent, to 13,421.88. If it manages to finish Tuesday’s session in the positive, it would mark the longest winning streak since a six-day run that started in late March and ended in early April.
On the New York Mercantile Exchange, crude oil was up $1.40 to $96.24 US a barrel. Gold was up $26.40 to $1,509 US an ounce.
The Canadian dollar was down four basis points to $1.0404 US.
Some of the Canadian companies in the news Tuesday were Jean Coutu Group Inc., after reporting better-than-expected earnings, and Bombardier Inc., which said it is cutting 1,400 jobs from its British train-making operations.
Looking at U.S. markets, the Dow Jones industrial average fell 11.39 points, or 0.09 per cent, to 12,571.38 in early trading Tuesday. The Nasdaq composite index gained 0.82 point, or 0.03 per cent, to 2,816.85.
Overseas markets were also mixed. The United Kingdom’s FTSE index rose 3.75 points, or 0.06 per cent, to 6,021.29. France’s CAC declined 20.41 points, or 0.51 per cent, to 3,982.70. In Germany, the DAX rose 7.52 points, or 0.1 per cent, to 7,450.48.
In Asia, Japan’s Nikkei index was up 7.37 points, or 0.07 per cent, to 9,972.46. Hong Kong’s Hang Seng index fell 22.52 points, or 0.1 per cent, to 22,747.95. In mainland China, the Shanghai composite gained 3.54 points, or 0.13 per cent, to 2,816.35.
On Monday, the TSX was up 85.62 points, or 0.64 per cent, to 13,386.49. U.S. markets were closed for Independence Day.
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