S&P/TSX regains some lost ground as Liberal win raises stimulus expectations

TORONTO – Canada’s main stock index partially recovered from Monday’s steep decline as a re-elected Liberal government gave investors hope of more stimulus spending to come.

The S&P/TSX composite index closed up 89.75 points to 20,244.29.

In New York, the Dow Jones industrial average was down 50.63 points at 33,919.84. The S&P 500 index was down 3.54 points at 4,354.19 while the Nasdaq composite was up 32.50 points at 14,746.40.

The Canadian dollar traded for 78.12 cents US compared with 77.95 cents US on Monday.

The November crude oil contract was up 35 cents at 70.49 cents per barrel and the October natural gas contract was down 18 cents at US$4.81 per mmBTU.

The December gold contract was up US$14.40 at US$1,778.20 an ounce and the December copper contract was up 1.15 cents at nearly US$4.13 a pound.

This report by The Canadian Press was first published Sept. 21, 2021.

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