U.S. markets surge higher, TSX gains; loonie gains ground against U.S. dollar

U.S. markets surge higher, TSX gains; loonie gains ground against U.S. dollar
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TORONTO — Canada’s main stock index pushed higher in late-morning trading, helped by a broad-based rally led by the key energy sector, while U.S. stock markets surged higher.

The S&P/TSX composite index was up 94.71 points at 15,504.18.

In New York, the Dow Jones industrial average was up 317.67 points at 25,568.22. The S&P 500 index was up 33.30 points at 2,784.09, while the Nasdaq composite was up 103.98 points at 7,534.72.

The Canadian dollar traded for 77.30 cents US compared with an average of 76.96 US on Monday.

The November crude contract was down 23 cents at US$71.55 per barrel and the November natural gas contract was down 1.1 cents at US$3.23 per mmBTU.

The December gold contract was up US$2.80 at US$1,233.10 an ounce and the December copper contract was down 1.25 cents at US$2.78 a pound.

The Canadian Press

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