TORONTO — Canada’s main stock index climbed higher in late-morning trading, helped by strength in telecommunication and utility stocks, while U.S. stock markets moved lower.

The S&P/TSX composite index was up 81.50 points at 25,486.64.

In New York, the Dow Jones industrial average was down 15.90 points at 44,844.41. The S&P 500 index was down 24.72 points at 5,996.91, while the Nasdaq composite was down 197.46 points at 18,976.84.

The Canadian dollar traded for 71.28 cents US compared with 71.01 cents US on Tuesday.

The January crude oil contract was up 25 cents at US$69.02 per barrel and the January natural gas contract was down 21 cents at US$3.26 per mmBTU.

The February gold contract was up US$20.00 at US$2,666.30 an ounce and the March copper contract was up three cents at US$4.15 a pound.

This report by The Canadian Press was first published Nov. 27, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press