It’s no joke, but Canada’s main stock index started the quarter slightly higher as the energy sector climbed despite crude oil prices dipping below US$100 per barrel.
The S&P/TSX composite index closed up 62.79 points on April Fools’ Day to 21,952.95 for a 53-point decrease on the week.
In New York, the Dow Jones industrial average was up 139.92 points at 34,818.27. The S&P 500 index was up 15.45 points at 4,545.86, while the Nasdaq composite was up 40.98 points at 14,261.50.
Energy gained 1.7 per cent with shares of Peyto Exploration and Development Corp. increasing 7.1 per cent despite crude prices settling below US$100 for the first time in more than two weeks.
The May crude contract was down $1.01 at US$99.27 per barrel and the May natural gas contract was up 7.8 cents at US$5.72 per mmBTU.
Colin Cieszynski, chief market strategist at SIA Wealth Management, said the sector rose due to gains in natural gas prices and investors seeing that oil is starting to settle at…
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2022-04-07 14:16:24
