S&P/TSX composite up more than 300 points, U.S. stock markets also surge higher

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TORONTO — Canada’s main stock index rose more than 300 points in late-morning trading, with gains led by the energy and base metal sectors, while U.S. stock markets also surged higher.

The S&P/TSX composite index was up 316.00 points at 19,033.12.

In New York, the Dow Jones industrial average was up 609.42 points at 31,286.78. The S&P 500 index was up 79.75 points at 3,875.48, while the Nasdaq composite was up 230.36 points at 11,462.55.

The Canadian dollar traded for 77.42 cents US compared with 77.03 cents US on Thursday.

The August crude contract was up US$4.00 at US$108.27 per barrel and the August natural gas contract was up seven cents at US$6.35 per mmBTU.

The August gold contract was up 70 cents at US$1,830.50 an ounce and the July copper contract was up two cents at US$3.76 a pound.

This report by The Canadian Press was first published June 24, 2022.

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

The Canadian Press