TORONTO — Strength in energy and utilities helped Canada’s main stock index post a modest gain Thursday, while U.S. markets also moved higher following a stronger-than-expected GDP report. The U.S. economy grew 3.
TORONTO — Strength in energy and utilities helped Canada’s main stock index post a modest gain Thursday, while U.S. markets also moved higher following a stronger-than-expected GDP report.
The U.S. economy grew 3.3 per cent in the last quarter of 2023, as consumers remained resilient despite higher interest rates.
The S&P/TSX composite index closed up 75.76 points at 21,101.54.
In New York, the Dow Jones industrial average was up 242.74 points at 38,049.13. The S&P 500 index was up 25.61 points at 4,894.16, while the Nasdaq composite was up 28.58 points at 15,510.50.
The GDP report was stronger than expected, though decelerating from the previous quarter, Madden said.
“It bolsters the case for a soft…
