Technology sector boosts Toronto market as Shopify climbs, U.S. stock markets mixed

TORONTO — Gains in the technology sector helped lift Canada’s main stock index to a positive close as U.S. stock markets were mixed and the Canadian dollar lost ground against its U.S. counterpart.

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The S&P/TSX composite index was up 51.57 points at 17,552.46.

In New York, the Dow Jones industrial average was down 200.94 points at 30,015.51. The S&P 500 index was down 7.66 points at 3,687.26, while the Nasdaq composite was up 65.40 points at 12,807.92.

The Canadian dollar traded for 77.47 cents US compared with 77.83 cents US on Monday.

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The February crude oil contract was down 95 cents at US$47.02 per barrel and the January natural gas contract was up eight cents at US$2.78 per mmBTU.

The February gold contract was down US$12.50 at US$1,870.30 an ounce and the March copper contract was down six cents at US$3.52 a pound.

This report by The Canadian Press was first published Dec. 22, 2020.

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

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