Financial sector helps fuel gains in Toronto, U.S. markets surge higher

Financial sector helps fuel gains in Toronto, U.S. markets surge higher
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TORONTO — Canada’s main stock index climbed higher in early trading after better-than-expected results from Scotiabank helped fuel gains in the financial sector.

The S&P/TSX composite index was up 97.87 points at 15,173.29.

In New York, the Dow Jones industrial average was up 596.81 points at 25,061.97. The S&P 500 index was up 60.10 points at 3,015.55, while the Nasdaq composite was up 160.19 points at 9,484.78.

The Canadian dollar traded for 72.35 cents US compared with 71.51 cents US on Monday.

The July crude contract was up 96 cents at US$34.21 per barrel and the July natural gas contract was up nearly five cents at nearly US$1.93 per mmBTU.

The June gold contract was down US$9.90 at US$1,725.60 an ounce and the July copper contract was up nearly five cents at US$2.43 a pound.

This report by The Canadian Press was first published May 26, 2020.

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

 

The Canadian Press

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