North American stock markets rise on continued hope of eventual U.S. stimulus deal

North American stock markets rise on continued hope of eventual U.S. stimulus deal
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TORONTO — Canada’s main stock index rose in late-morning trading on a broad-based rally led by the energy, health care and consumer sectors, while the loonie climbed.

The S&P/TSX composite index was up 82.56 points at 16,510.86.

In New York, the Dow Jones industrial average was up 85.13 points at 28,388.59. The S&P 500 index was up 20.35 points at 3,439.80, while the Nasdaq composite was up 47.50 points at 11,412.10.

The Canadian dollar traded for 75.61 cents US compared with 75.33 cents US on Wednesday.

The November crude contract was up 92 cents at US$40.87 per barrel and the November natural gas contract was up 0.7 of a cent at US$2.61 per mmBTU.

The December gold contract was up US$1 at US$1,891.80 an ounce and the December copper contract was up by 0.55 of a cent at nearly US$3.04.

This report by The Canadian Press was first published Oct. 8, 2020.

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

The Canadian Press

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