Toronto stock market edges up, while U.S. stocks surge higher; loonie down

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TORONTO — Canada’s main stock index was higher in late-morning trading, helped by gains in the energy, technology and consumer staples sectors.

The S&P/TSX composite index was up 11.14 points to 16,072.64, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 204.37 points to 24,620.21. The S&P 500 index was up 25.80 points to 2,731.07 and the Nasdaq composite index was up 94.42 points to 7,536.54.

The Canadian dollar was trading at 77.17 cents US, down from an average value of 77.23 cents US on Thursday.

The July crude contract was down 50 cents to US$66.54 per barrel and the July natural gas contract was down one cent to US$2.94 per mmBTU.

The August gold contract was down US$5.90 to US$1,298.80 an ounce and the July copper contract was up two cents to US$3.09 a pound.

The Canadian Press