Materials and industrials lead stocks higher in Toronto, U.S. markets also up

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TORONTO — Canada’s main stock index move higher in late-morning trading fuelled by strength in the industrials and materials subsectors, while U.S. stock markets also gained ground.

The S&P/TSX composite index was up 42.35 points at 17,543.23.

In New York, the Dow Jones industrial average was up 138.60 points at 28,861.45. The S&P 500 index was up 9.19 points at 3,285.43, while the Nasdaq composite was up 20.26 points at 9,289.94.

The Canadian dollar traded for 75.72 cents US compared with an average of 75.88 cents US on Tuesday.

The March crude contract was up a penny at US$53.49 per barrel and the March natural gas contract was down 3.7 cents at US$1.87 per mmBTU.

The February gold contract was down 80 cents at US$1.569.00 an ounce and the March copper contract was down 1.5 cents at US$2.56 a pound.

 

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)