Financial sector leads broad rally in Toronto, loonie tops 74 cents US

Financial sector leads broad rally in Toronto, loonie tops 74 cents US
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TORONTO — The financial sector led a broad-based rally as Canada’s main stock index posted a triple-digit advance in late-morning trading, while the loonie topped 74 cents US.

The S&P/TSX composite index was up 175.88 points at 15,570.24.

In New York, the Dow Jones industrial average was up 415.92 points at 26,158.57. The S&P 500 index was up 37.47 points at 3,118.29, while the Nasdaq composite was up 69.25 points at 9,677.63.

The Canadian dollar traded for 74.12 cents US compared with 73.99 cents US on Tuesday.

The July crude contract was down three cents at US$36.78 per barrel and the July natural gas contract was up almost six cents at nearly US$1.84 per mmBTU.

The August gold contract was down US$37.00 at US$1,697.00 an ounce and the July copper contract was down nearly a penny at US$2.48 a pound.

This report by The Canadian Press was first published June 3, 2020.

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

 

The Canadian Press


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