TSX fails to get same lift as U.S. markets from easing of restrictions on Huawei

The S&P/TSX composite index closed up 24.72 points on Tuesday

Canada’s main stock index failed to match the stronger gains on U.S. markets after the Trump administration temporarily eased trade restrictions on Huawei Technologies.

The S&P/TSX composite index closed up 24.72 points to 16,426.47.

In New York, the Dow Jones industrial average was up 197.43 points at 25,877.33. The S&P 500 index was up 24.13 points at 2,864.36, while the Nasdaq composite was up 83.35 points at 7,785.72.

The Canadian dollar traded at an average of US74.55¢ compared with an average of US74.25¢ on Friday.

The July crude contract was down 8¢ at US$63.13 per barrel and the June natural gas contract was down 6¢ at US$2.61 per mmBTU.

The June gold contract was down US$4.10 at US$1,273.20 an ounce and the July copper contract was down 1.1¢ at US$2.715 a pound.