North American stock markets climb higher to start the trading week

North American stock markets climb higher to start the trading week
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TORONTO — Gains in the financial and industrial sectors helped lift Canada’s main stock index in early trading to start the week, while U.S. stock markets also pushed higher.

The S&P/TSX composite index was up 83.37 points at 16,601.22.

In New York, the Dow Jones industrial average was up 170.11 points at 28,100.44. The S&P 500 index was up 25.75 points at 3,422.91, while the Nasdaq composite was up 135.88 points at 11,447.68.

The Canadian dollar traded for 75.91 cents US compared with 75.73 cents US on Friday.

The October crude contract was up 20 cents at US$42.54 per barrel and the October natural gas contract was up nearly four cents at US$2.61 per mmBTU.

The December gold contract was up US$4.70 at US$1,951.70 an ounce and the September copper contract was up two cents at US$2.94 a pound.

This report by The Canadian Press was first published Aug. 24, 2020.

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

The Canadian Press

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