Industrials and financials help lead rally in Toronto, U.S. stocks also climb

Industrials and financials help lead rally in Toronto, U.S. stocks also climb
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TORONTO — Gains in the industrial and financial sectors helped lead a broad-based rally on the Toronto Stock Exchange as Canada’s main stock index climbed in late-morning trading and U.S. stock markets also surged higher.

The S&P/TSX composite index was up 147.21 points at 16,383.34.

In New York, the Dow Jones industrial average was up 428.83 points at 28,201.59. The S&P 500 index was up 42.64 points at 3,403.59, while the Nasdaq composite was up 148.79 points at 11,303.39.

The Canadian dollar traded for 75.31 cents US compared with 75.35 cents US on Tuesday.

The November crude contract was down US$1.05 at US$39.62 per barrel and the November natural gas contract was up six cents at US$2.58 per mmBTU.

The December gold contract was down US$18.80 at US$1,890.00 an ounce and the December copper contract was up seven cents at US$3.03 a pound.

This report by The Canadian Press was first published Oct. 7, 2020.

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

The Canadian Press

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