Canada’s main stock index rose to within striking distance of an all-time high, while U.S. markets fell on disappointing bank results.

The S&P/TSX composite index closed up 34.93 points to 16,515.46, after hitting an intraday high of 16,532.67.

In New York, the Dow Jones industrial average was down 27.53 points at 26,384.77. The S&P 500 index was down 1.83 points at 2,905.58, while the Nasdaq composite was down 8.15 points at 7,976/01.

The Canadian dollar traded at an average of US74.88¢ compared with an average of US75.02¢ on Friday.

The May crude contract was down 49¢ at US$63.40 per barrel and the May natural gas contract was down 7¢ at US$2.59 per mmBTU.

The June gold contract was down US$3.90 at US$1,291.30 an ounce and the May copper contract was down 1.1¢ at US$2.93 a pound.