Toronto and U.S. stock markets up, loonie slides lower against U.S.

Toronto and U.S. stock markets up, loonie slides lower against U.S.
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TORONTO — The industrials sector helped boost Canada’s main stock index higher in late-morning trading, while U.S. stock markets also surged higher.

The S&P/TSX composite index was up 44.14 points at 16,211.70.

In New York, the Dow Jones industrial average was up 145.15 points at 25,890.82. The S&P 500 index was up 17.30 points at 2,841.53, while the Nasdaq composite was up 68.87 points at 7,797.84.

The Canadian dollar traded for 74.83 cents US compared with an average of 75.09 cents US on Wednesday.

The May crude contract was up a penny at US$60.24 per barrel and the April natural gas contract was down one cent at US$2.81 per mmBTU.

The April gold contract was up US$7.50 at US$1,309.20 an ounce and the May copper contract was up 0.6 of a cent at US$2.93 a pound.

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

The Canadian Press

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