North American stock markets climb higher, loonie up against U.S. dollar

North American stock markets climb higher, loonie up against U.S. dollar
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TORONTO — A broad-based rally helped boost Canada’s main stock index in late-morning trading, while U.S. stock markets also pushed higher.

The S&P/TSX composite index was up 130.88 points at 16,039.33.

In New York, the Dow Jones industrial average was up 207.56 points at 26,850.15. The S&P 500 index was up 23.21 points at 3,220.73, while the Nasdaq composite was up 25.99 points at 10,514.57.

The Canadian dollar traded for 73.92 cents US compared with 73.44 cents US on Tuesday after the Bank of Canada’s announcement it would keep its key interest rate on hold.

The August crude contract was up 53 cents at US$40.82 per barrel and the August natural gas contract was down less than a penny at US$1.74 per mmBTU.

The August gold contract was down US$2.80 at US$1,810.60 an ounce and the September copper contract was down nearly five cents at US$2.89 a pound.

This report by The Canadian Press was first published July 15, 2020.

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

 

The Canadian Press

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