S&P/TSX composite gains in broad-based rally, U.S. stock markets also climb

TORONTO —
Gains in the energy and base metals sectors led a broad-based rally on the Toronto Stock Exchange in late-morning trading as Canada’s main stock index posted a triple-digit advance.

The S&P/TSX composite index was up 183.87 points at 20,428.16.

In New York, the Dow Jones industrial average was up 392.82 points at 34,312.66. The S&P 500 index was up 44.45 points at 4,398.64, while the Nasdaq composite was up 130.56 points at 14,876.96.

The Canadian dollar traded for 78.55 cents US compared with 78.12 cents US on Tuesday.

The November crude contract was up US$1.00 at US$71.49 per barrel and the October natural gas contract was up two cents at US$4.83 per mmBTU.

The December gold contract was unchanged at US$1,778.20 an ounce and the December copper contract was up 10 cents at US$4.23 a pound.

This report by The Canadian Press was first published Sept. 22, 2021.