TORONTO – Canada’s biggest stock index moved up, boosted by a rise in the price of gold and oil, while indexes south of the border edged down, slowing their recent momentum.In Toronto, the S&P/TSX composite index finished the day with a gain of 33.89 points to 15,252.20. But the Friday close fell short of its stronger early morning performance, when the index rose slightly above 15,300.A large part of the gain can be attributed to the resource space, said Craig Jerusalim, a portfolio manager of Canadian equities at CIBC Asset Management.The gold sector was among the highest performing of those on the TSX, edged out by utilities and real estate. Gold stocks advanced an average of nearly 0.75 per cent as the price of the precious metal moved up.The February gold contract rose $7.60 to US$1,137.40 an ounce, recouping some of its US$33.90 loss on Thursday after being dragged down by a strengthening U.S. dollar.Bullion prices have fallen by US$136.10 since Nov. 9, after Americans voted for billionaire Donald Trump to be the country’s next leader.The strength in the price of oil also helped boost the Toronto index, said Jerusalim.The January crude contract advanced $1.00 to US$51.90 per barrel, while the more heavily-traded February contract added 98 cents to US$52.95 per barrel.On Wall Street, markets didn’t perform as well. The Dow Jones industrial average shed 8.83 points to 19,843.41, the S&P 500 fell 3.96 points to 2,258.07, and the Nasdaq composite retreated 19.69 points to 5,437.16.Jerusalim said the New York index losses are a sign the market is taking a breather after quite a strong rally following president-elect Trump’s election victory.The markets responded positively to Trump’s surprise win on hopes that the policies of his administration will be a boost for certain industries, like the banks. It’s anticipated that he may deregulate the banking industry after he takes over the White House on Jan. 20.The U.S. index retreats are typical after a strong sentiment shift in one direction, Jerusalim noted. All three indexes have recently hit record highs for multiple days in a row.“Sentiment shifts have been fast, furious and erratic, and we’ve seen the shifts happening so quickly from extreme pessimism to likely an over-optimistic scenario recently,” Jerusalim said.He added that’s been particularly true of a number of sectors, including the financial and resource focused ones.The Canadian dollar, which is usually closely tied to movement in the price of oil, was relatively flat. It inched up 0.02 of a U.S. cent to 74.94 cents US.Elsewhere in commodities, January natural gas fell 1.9 cents to about $3.42 per mmBTU and March copper contracts were down 3.6 cents at US$2.56 a pound.Follow @AleksSagan on Twitter. TSX, oil and gold move higher, while New York indexes edge down by The Canadian Press Posted Dec 16, 2016 9:42 am MDT Last Updated Dec 16, 2016 at 3:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email
Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedTaxi driver confesses to murdering Guyana Goldfields employeeMay 25, 2018In “Crime”Manager’s murder: Police seeking evidence as suspects have not confessedMay 24, 2018In “Crime”Taxi Driver allegedly caught with Marijuana remandedMay 14, 2014In “Crime” The 20-year-old taxi driver who was implicated in the murder of the Guyana Goldfields Inc manager was on Tuesday afternoon arraigned at the Georgetown Magistrates’ Court before Magistrate Leron Daly.Murdered: Neil WhyteAnthony Ragnauth, who said he is a mechanic, of Middle Road, East La Penitence was not allowed to plead to the indictable charge which stated that on May 21, 2018, at Thomas Street, he murdered Canadian Citizen, Neil Whyte.Attorney for the accused, Latchmie Rahamat told the Court that her client was badly beaten by Police ranks whom she alleged used a baton to squeeze his testicles. She said further that Ragnauth has not received any medical attention.The Magistrate granted a request for the defendant to receive medical attention.Bail application however, was rejected and the accused was remanded to prison until June 18, 2018.Prior to his court appearance, police reported that Ragnauth had confessed to the heinous crime and that the man also handed over the murder weapon to investigators as well as the victim’s valuables that were stolen from his Thomas Street, North Cummingsburg, Georgetown apartment.“The second suspect in custody has admitted committing the crime. He took investigators to a location at Fifth Street, Alberttown where he handed over several items belonging to the victim as well as a knife suspected to be the murder weapon” police said.INews had reported that on the evening in question, between 22:22h and 23:45h, Whyte was murdered in his apartment complex.The victim was discovered naked, lying in a pool of his own blood, on his bed, with his hands bound in front of him and his body was covered in stab wounds. The discovery was made by a security guard attached to the building.Moreover, Whyte’s laptop, cash, gold and other personal valuables were reported missing.Investigators were informed by the security guard that prior to his death, on the same evening, Whyte picked up and escorted a colleague into the apartment.The colleague was identified as a former staff of the Guyana Gold Field Inc.According to the guard, after some time had elapsed, and as the colleague was exiting the building, he [colleague] told him [security] that he was going to collect something on the road. At that time, the man had a haversack on his back.The colleague, then reportedly walked to the junction of Thomas and Middle Street, where he joined a car that drove away.It was then that the guard, knowing that it is the protocol of the company that the visitor of a guest be checked out of the building by the guest, went up to the victim’s room and saw him lying lifeless.The police were immediately contacted and the security guard provided his statement before he reportedly had a heart attack. He is said to be recovering.The colleague was then apprehended at his home for questioning. Shortly after, the taxi driver was also taken into custody.Meanwhile, a post mortem examination conducted on Whyte’s body confirmed that he died as a result of multiple stab wounds.