At the open: TSX gains on higher oil prices, hopes for lockdown easing [Toronto Globe and Mail (Ontario, Canada)]
JP Morgan Chase & Co. (JPM)
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Source: Toronto Globe and Mail
At the open: TSX gains on higher oil prices, hopes for lockdown easing Canada’s main stock index rose on Thursday as oil prices recovered on hopes for production cuts, while some provinces prepared to ease shutdowns imposed to fight the coronavirus outbreak. At 9:33 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 70.95 points, or 0.5%, at 14,359.11. The energy sector climbed 3.2% as U.S. crude prices were up 20.2% a barrel, while Brent crude added 9.4%. U.S. stock markets climbed higher at the open on Thursday as jobless claims declined for a third straight week, raising hopes that the worst of the coronavirus pandemic’s impact on the labor market might be over. The Dow Jones Industrial Average rose 67.27 points, or 0.29%, at the open to 23,543.09. The S&P 500 opened higher by 11.11 points, or 0.40%, at 2,810.42, and the Nasdaq Composite gained 33.46 points, or 0.39%, to 8,528.84 at the opening bell. Data on Thursday showed 4.43 million Americans filed for unemplo
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