North American stock markets start the trading day higher, loonie edges lower

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TORONTO — Canada’s main stock index rose at the start of trading, helped by gains in the energy and industrial sectors, while U.S. stock markets also climbed higher.

The S&P/TSX composite index was up 73.03 points at 13,687.17.

In New York, the Dow Jones industrial average was up 306.62 points at 22,960.48. The S&P 500 index was up 30.61 points at 2,690.02, while the Nasdaq composite was up 91.88 points at 7,979.14.

The Canadian dollar traded for 71.31 cents US compared with an average of 71.50 cents US on Tuesday.

The May crude contract was up 82 cents at US$24.45 per barrel and the May natural gas contract was up a penny at nearly US$1.87 per mmBTU.

The June gold contract was up US$5.40 at US$1,689.10 an ounce and the May copper contract was down nearly a penny at US$2.26 a pound.

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