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Tech sector helps lead S&P/TSX composite higher, U.S. stock markets also rise

TORONTO — Canada’s main stock index climbed more than 150 points Friday to close out the first quarter of the year in positive territory in spite of this month’s Silicon Valley Bank-related market turmoil. The S&P/TSX composite index was up 158.
Canadian Press
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A currency trader passes by the screens showing the Korea Composite Stock Price Index (KOSPI), center, and the foreign exchange rate between U.S. dollar and South Korean won, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, March 29, 2023. Asian stocks were mixed Wednesday as anxiety about the global financial system began to fade following three high-profile bank failures.THE CANADIAN PRESS/AP-Ahn Young-joon

TORONTO — Canada’s main stock index climbed more than 150 points Friday to close out the first quarter of the year in positive territory in spite of this month’s Silicon Valley Bank-related market turmoil.

The S&P/TSX composite index was up 158.90 points at 20,099.89.

In New York, the Dow Jones industrial average was up 415.12 points at 33,274.15. The S&P 500 index was up 58.48 points at 4,109.31, while the Nasdaq composite was up 208.44 points at 12,221.91.

The Canadian dollar was unchanged, trading at 73.89 cents US.

The May crude contract was up $1.30 at US$75.67 per barrel and the May natural gas contract was up 11 cents at US$2.22 per mmBTU.

The June gold contract was down US$11.50 at US$1,986.20 an ounce and the May copper contract was up less than one cent at US$4.09 a pound.

This report by The Canadian Press was first published March 31, 2023.

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

The Canadian Press