North American stock markets post gains in late-morning trading, loonie climbs higher

0

TORONTO — Canada’s main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange as the price of oil and U.S. stock markets also rallied.

The S&P/TSX composite index was up 145.55 points at 16,344.80.

In New York, the Dow Jones industrial average was up 393.45 points at 28,076.26. The S&P 500 index was up 50.16 points at 3,398.60, while the Nasdaq composite was up 198.62 points at 11,273.64.

The Canadian dollar traded for 75.39 cents US compared with 75.13 cents US on Friday.

The November crude contract was up US$2.30 at US$39.35 per barrel and the November natural gas contract was up 26 cents at US$2.70 per mmBTU.

The December gold contract was up US$11.90 at US$1,919.50 an ounce and the December copper contract was down a cent at US$2.97 a pound.

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