TSX climbs on positive earnings results

U.S. markets were down ahead of an expected Fed rate cut

Canada’s main stock index moved higher on some positive earnings results while U.S. markets were slightly lower ahead of an expected interest rate cut.

The S&P/TSX composite index was up 30.61 points at 16,418.14.

In New York, the Dow Jones industrial average was down 19.30 points at 27,071.42. The S&P 500 index was down 2.53 points at 3,036.89, while the Nasdaq composite was down 49.14 points at 8,276.85.

The Canadian dollar traded for an average of US76.48¢ compared with an average of US76.59¢ on Monday.

The December crude contract was down US27¢ at US$55.54 per barrel and the December natural gas contract was up US8.4¢ at US$2.64 per mmBTU.

The December gold contract was down US$5.10 at US$1,490.70 an ounce and the December copper contract was up 0.85 of a cent at US$2.69 a pound.