Rally for North American stocks continues for another day, loonie up

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TORONTO — The rally in North American stock markets continued for another day as Canada’s main stock index started the trading day higher, while U.S. markets also gained ground.

The S&P/TSX composite index was up 269.90 points at 14,195.61.

In New York, the Dow Jones industrial average was up 304.63 points at 23,738.20. The S&P 500 index was up 33.48 points at 2,783.46, while the Nasdaq composite was up 77.56 points at 8,168.46.

The Canadian dollar traded for 71.59 cents US compared with an average of 71.26 cents US on Wednesday.

The May crude contract was up US$1.29 at US$26.38 per barrel and the May natural gas contract was down nearly a penny at US$1.78 per mmBTU.

The June gold contract was up US$48.10 at US$1,732.40 an ounce and the May copper contract was up about a penny at US$2.27 a pound.