North American stock markets up in late-morning trading, loonie also climbs

TORONTO —
Gains in the base metals sector helped lead Canada’s main stock index to a triple-digit advance in late-morning trading, while U.S. stock markets also rallied to climb higher.

The S&P/TSX composite index was up 130.52 points at 20,191.73.

In New York, the Dow Jones industrial average was up 399.32 points at 34,821.25. The S&P 500 index was up 38.77 points at 4,359.59, while the Nasdaq composite was up 102.41 points at 14,662.20.

The Canadian dollar traded for 80.20 cents US compared with 79.74 cents US on Thursday.

The August crude oil contract was up US$1.66 at US$74.60 per barrel and the August natural gas contract was up two cents at US$3.71 per mmBTU.

The August gold contract was up US$8.10 at US$1,808.30 an ounce and the September copper contract was up nine cents at US$4.35 a pound.

This report by The Canadian Press was first published July 9, 2021