Metals and mining sector lifts Toronto market, loonie tops 79 cents US

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TORONTO — Gains in the metals and mining sector helped lift Canada’s main stock index in early trading, while the loonie rose to top 79 cents US.

The S&P/TSX composite index was up 34.43 points at 18,308.50.

In New York, the Dow Jones industrial average was up 74.44 points at 31,567.78. The S&P 500 index was up 10.92 points at 3,924.89, while the Nasdaq composite was up 61.21 points at 13,926.57.

The Canadian dollar traded for 79.18 cents US compared with 78.76 cents US on Thursday.

The April crude oil contract was down 51 cents at US$60.02 per barrel and the April natural gas contract was up four cents at US$3.01 per mmBTU.

The April gold contract was up US$6.30 at US$1,781.30 an ounce and the March copper contract was up 14 cents at US$4.05 a pound.

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