Energy and financial help lift Toronto market, U.S. stock surge higher

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TORONTO — The key energy and financials sectors helped boost Canada’s main stock index in late-morning trading, while U.S. stocks also surged higher.

The S&P/TSX composite index was up 51.48 points at 15,620.33.

In New York, the Dow Jones industrial average was up 289.22 points at 25,342.33. The S&P 500 index was up 30.56 points at 2,740.36, while the Nasdaq composite was up 97.90 points at 7,405.81.

The Canadian dollar traded for 75.42 cents US compared with an average of 75.22 cents US on Monday.

The March crude contract was up 96 cents at US$53.37 per barrel and the March natural gas contract was up 1.7 cents at US$2.66 per mmBTU.

The April gold contract was up 70 cents at US$1,312.60 an ounce and the March copper contract was down 2.60 cents at US$2.76 a pound.

 

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X)