Canadian stocks head for 2-week high as raw-materials producers increase


At the end of July, the Toronto Stock Exchange (TSX) closed higher as the materials sector strengthened. However, a further decline in oil prices has also been noted.

The S&P/TSX composite index gained 85.66 points to close at 14,468.44. The December gold contract was also up, gaining US $6.40 to $1,095.10 an ounce.
However, the September contract for crude oil fell $1.40 to settle at US $47.12, ending its worst monthly decline since 2008. The loonie also lost 0.41 of a cent, dropping to 76.45 cents U.S.

Meanwhile, In the U.S, the Dow Jones industrial average dropped 56.12 points to 17,689.86, while the Nasdaq edged back 0.50 points to 5,128.28. Additionally, the S&P 500 fell 4.79 points to 2,103.84. CJ