North American stock markets surge again, loonie slips against U.S. dollar

North American stock markets surge again, loonie slips against U.S. dollar
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TORONTO — North American stock markets surged higher for another day as investors shook off worries caused by the new coronavirus and its impact on the global economy.

The S&P/TSX composite index was up 140.13 points at 17,652.86.

In New York, the Dow Jones industrial average was up 312.50 points at 29,120.13. The S&P 500 index was up 26.82 points at 3,324.41, while the Nasdaq composite was up 25.56 points at 9,493.53.

The Canadian dollar traded for 75.22 cents US compared with an average of 75.31 cents US on Tuesday.

The March crude contract was up US$1.73 at US$51.34 per barrel and the March natural gas contract was down 1.4 cents at US$1.86 per mmBTU.

The April gold contract was up US$6.60 at US$1,562.10 an ounce and the March copper contract was up 3.05 cents at US$2.57 a pound.

This report by The Canadian Press was first published Feb. 5, 2020.

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

 

The Canadian Press

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