TSX rises with resource stocks up; loonie falls – CTV News

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The Canadian Press
Published Friday, May 6, 2016 1:10AM EDT
Last Updated Friday, May 6, 2016 11:58AM EDT

TORONTO — Canada’s resource companies helped keep the Toronto Stock Exchange positive this morning as U.S. markets fell.

The S&P/TSX composite index was up a moderate 74.70 points at 13,706.71 after nearly two hours of trading.

The biggest gains in Toronto were in the gold, metals, materials and energy subsectors.

By contrast, the main U.S. indexes were down.

The Dow Jones industrial average fell 50.16 points to 17,610.55, the broader S&P 500 composite index declined 7.76 points to 2,042.87 and the Nasdaq composite lost 24.80 points to 4,692.29.

Canada’s dollar was at 77.46 cents US, down 0.25 of a cent from Thursday’s close.

The June crude contract was up 23 cents at US$44.55 per barrel and June natural gas was up 2.3 cents at US$2.10 per mmBTU.

The June gold contract rose $21.30 to US$1,293.60 an ounce and July copper contracts rose one cent to US$2.16 a pound.