S&P/TSX composite creeps higher Monday, U.S. markets closed

TORONTO Gains in telecommunication and energy stocks helped Canada's main stock index creep higher to start the week. The S&P/TSX composite index closed up 71.66 points at 21,061.88. U.S. stock markets were closed for Martin Luther King Jr. Day. The Canadian dollar traded for 74.43 cents US compared with 74.70 cents US on Friday.

The February crude oil contract was up 66 cents at US$72.68 per barrel and the February natural gas contract was up 22 cents at US$3.31 per mmBTU. The February gold contract was up US$32.40 at US$2,051.60 an ounce and the March copper contract was down four cents at US$3.74 a pound. This report by The Canadian Press was first published Jan.

15, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD).