Commodity prices help lift S&P/TSX composite. loonie despite surging U.S. inflation

TORONTO - Commodity worth good points helped elevate Canada’s predominant inventory index and the loonie whilst U.S. inflation was at its hottest in practically 4 many years final month.

The S&P/TSX composite index closed up 120.19 factors to 21,395.00.

In New York, the Dow Jones industrial common was up 38.30 factors at 36,290.32. The S&P 500 index was up 13.28 factors at 4,726.35, whereas the Nasdaq composite was up 34.94 factors at 15,188.39.

The Canadian greenback traded for 79.94 cents US in contrast with 79.33 cents on Tuesday.

The February crude contract was up US$1.42 at US$82.64 per barrel and the February pure gasoline contract was up 60.8 cents at US$4.86 per mmBTU.

The February gold contract was up US$8.80 at US$1,827.30 an oz and the March copper contract was up 14.75 cents at practically US$4.58 a pound.

This report by The Canadian Press was first revealed Jan. 12, 2022.

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