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TORONTO — Canada’s main stock index was up more than 300 points in late-morning trading as strength in base metal, financial and utility stocks helped lead a broad-based rally and U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 346.99 points at 20,056.14.
In New York, the Dow Jones industrial average was up 556.52 points at 34,894.39. The S&P 500 index was up 90.33 points at 4,501.88, while the Nasdaq composite was up 313.92 points at 14,081.66.
The Canadian dollar traded for 72.89 cents US compared with 72.36 cents US on Friday.
The December crude contract was up US$1.21 at US$79.47 per barrel and the December natural gas contract was down five cents at $3.15 per mmBTU.
The December gold contract was up US$18.70 at US$1,968.90 an ounce and the December copper contract was up four cents at US$3.70 a pound.
This report by The Canadian Press was first published Nov. 14, 2023.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
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