
S&P/TSX composite up as energy stocks rise, U.S. markets in the red
The S&P TSX composite index screen at the TMX Market Centre in Toronto is photographed on Friday, November 11, 2022. THE CANADIAN PRESS/ Tijana Martin
Strength in energy stocks as the price of oil climbed helped Canada's main stock index move up in late-morning trading, while U.S. stock markets fell.
The S&P/TSX composite index was up 66.16 points at 26,241.21.
In New York, the Dow Jones industrial average was down 226.19 points at 42,043.88. The S&P 500 index was down 14.77 points at 5,896.92, while the Nasdaq composite was down 6.76 points at 19,107.01.
The Canadian dollar traded for 73.02 cents US compared with 72.68 cents US on Friday.
The July crude oil contract was up US$1.98 at US$62.77 per barrel and the July natural gas contract was up 26 cents US at US$3.71 per mmBTU.
The August gold contract was up US$83.20 at US$3,398.60 an ounce and the July copper contract was up 22 cents US at US$4.90 a pound.
This report by The Canadian Press was first published June 2, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Winnipeg Free Press
40 minutes ago
- Winnipeg Free Press
Alberta resumes buying U.S. alcohol, months after pause meant to fight tariffs
EDMONTON – Alberta is buying American alcohol and gambling machines again, three months after Premier Danielle Smith announced restrictions aimed at fighting back against U.S. tariffs. Service Alberta Minister Dale Nally says the move signals a 'renewed commitment to open and fair trade' with the United States. Smith said in March that the province would no longer buy U.S. alcohol and video lottery terminals, or sign contracts with American companies. That came a day after U.S. President Donald Trump slapped heavy tariffs on Canadian goods and energy. Nally says the decision to resume buying U.S. alcohol and gambling machines 'sets the stage for more constructive negotiations' ahead of a renewal of the Canada-U.S.-Mexico trade agreement. The minister says Albertans are encouraged to continue supporting local producers, even as more U.S. options return to store shelves. Nally said in April that the province was pausing its policy around procurement from U.S. companies 'in the spirit of diplomacy.' Monday Mornings The latest local business news and a lookahead to the coming week. He said since the province's retaliatory measures were first announced in early March, the Trump administration had put a hold on further tariffs. This report by The Canadian Press was first published June 6, 2025.


CBC
an hour ago
- CBC
New regulations for businesses using environmental claims to sell products, services
New guidelines are out on how businesses can use environmental claims to sell their products and services. This comes after Canada's Competition Bureau faced backlash when it expanded rules around what can and cannot be claimed in advertising and marketing last year. As Jessica Cheung explains, reaction is pouring in about how effective these will be.


Globe and Mail
2 hours ago
- Globe and Mail
New Buy Rating for Broadcom (AVGO), the Technology Giant
Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Broadcom (AVGO – Research Report) yesterday and set a price target of $310.00. The company's shares closed yesterday at $259.93. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Rakesh is a 5-star analyst with an average return of 11.8% and a 49.30% success rate. Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Broadcom. Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $256.04. The company has a one-year high of $265.43 and a one-year low of $128.50. Currently, Broadcom has an average volume of 29.27M. Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVGO in relation to earlier this year. Most recently, in April 2025, Mark David Brazeal, the Chief Legal & Corp Affairs Ofc of AVGO sold 25,000.00 shares for a total of $4,500,000.00.