North American stock markets up in early trading, loonie continues to climb higher

Downtown Toronto

TORONTO — Canada’s main stock index climbed higher in early trading, helped by a broad-based rally, while U.S. stock markets rose and the loonie also continued to march upward.

The S&P/TSX composite index was up 73.78 points at 17,431.99.

In New York, the Dow Jones industrial average was up 77.01 points at 29,960.80. The S&P 500 index was up 2.56 points at 3,671.57, while the Nasdaq composite was up 36.11 points at 12,385.48.

The Canadian dollar traded for 77.43 cents US compared with 77.32 cents US on Wednesday.

The January crude contract was down 17 cents at US$45.11 per barrel and the January natural gas contract was down 19 cents at US$2.59 per mmBTU.

The February gold contract was up US$14.10 at US$1,844.30 an ounce and the March copper contract was up nearly two cents at US$3.50 a pound.

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