TORONTO _ The Toronto Stock Exchange pushed higher today, helped by strength in the energy stocks as some big names in the sector announced plans to cut costs in releasing their quarterly results.
The S&P/TSX composite index gained 80.98 points to 14,382.78 as Suncor said it plans to cut its capital spending and Cenovus slashed its dividend and announced job losses.
In the U.S., the Dow Jones industrial average fell 5.41 points to 17,745.98, while the Nasdaq climbed 17.05 points to 5,128.78 and the S&P 500 slipped 0.06 points to 2,108.63.
On the commodity markets, the September contract for crude oil fell 27 cents to US$48.52, while the September natural gas contract fell 9.6 cents to US$2.768.
The December gold contract, which showed the heaviest volume of trading, slipped US$4.60 to US$1,088.70.
The loonie fell 0.4 of a cent to 76.86 cents US.
For news about small stocks that made big moves in Thursday’s trading, please read the Canadian Small and Micro-Cap Report.