North American stock markets surge higher after jobs report, loonie up

North American stock markets surge higher after jobs report, loonie up
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TORONTO — A broad-based rally helped boost Canada’s main stock index more than 300 points in late-morning trading, while U.S. stock markets also surged higher.

The S&P/TSX composite index was up 318.57 points at 15,846.44.

In New York, the Dow Jones industrial average was up 892.80 points at 27,174.62 after a better-than-expected U.S. jobs report. The S&P 500 index was up 84.19 points at 3,196.54, while the Nasdaq composite was up 179.45 points at 9,795.26.

The Canadian dollar traded for 74.55 US compared with 74.03 cents US on Thursday.

The July crude contract was up US$1.64 at US$39.05 per barrel and the July natural gas contract was down a penny at US$1.81 per mmBTU.

The August gold contract was down US$48.10 at US$1,679.30 an ounce and the July copper contract was up seven cents at US$2.56 a pound.

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

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

 

The Canadian Press


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