North American stock markets creep higher in early trading, loonie edges lower


TORONTO — Canada’s main stock index edged higher in early trading, while U.S. stock markets also gained ground.

The S&P/TSX composite index was up 19.34 points at 16,450.61.

In New York, the Dow Jones industrial average was up 34.24 points at 28,029.84. The S&P 500 index was up 7.72 points at 3,408.92, while the Nasdaq composite was up 32.54 points at 11,222.86.

The Canadian dollar traded for 75.87 cents US compared with 75.90 cents US on Tuesday.

The October crude contract was up 95 cents at US$39.23 per barrel and the October natural gas contract was down three cents at US$2.33 per mmBTU.

The December gold contract was up US$13.90 at US$1,980.10 an ounce and the December copper contract was down less than a penny at US$3.06 a pound.