News

TSX, U.S. Markets Up On a Broad-Based Rally

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TORONTO – Canada’s main stock index posted a triple-digit gain in late-morning trading as the energy, financial and materials sectors headed higher in a broad-based rally.

The S&P/TSX composite index was up 128.63 points to 15,163.16, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 172.49 points to 24,363.39. The S&P 500 index was up 16.02 points to 2,635.57 and the Nasdaq composite index was up 48.57 points to 6,923.06.

The Canadian dollar was trading at 79.28 cents (U.S.), down from an average price of 79.31 cents U.S. on Friday.

The March crude contract was up 73 cents to $59.93 per barrel and the March natural gas contract was unchanged at $2.58 per mmBTU.

The April gold contract was up $11.90 to $1,327.60 an ounce and the March copper contract was up four cents to $3.07 a pound.

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The Canadian Press