U.S. markets surge higher, TSX gains; loonie gains ground against U.S. dollar

By CanadianInvestor / October 16, 2018 / www.canadianinvestor.com / Article Link

TORONTO - Canada's main stock index pushed higher in late-morning trading, helped by a broad-based rally led by the key energy sector, while U.S. stock markets surged higher.

The S&P/TSX composite index was up 94.71 points at 15,504.18.

In New York, the Dow Jones industrial average was up 317.67 points at 25,568.22. The S&P 500 index was up 33.30 points at 2,784.09, while the Nasdaq composite was up 103.98 points at 7,534.72.

The Canadian dollar traded for 77.30 cents US compared with an average of 76.96 US on Monday.

The November crude contract was down 23 cents at US$71.55 per barrel and the November natural gas contract was down 1.1 cents at US$3.23 per mmBTU.

The December gold contract was up US$2.80 at US$1,233.10 an ounce and the December copper contract was down 1.25 cents at US$2.78 a pound.

The Canadian Press

Recent News

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com

Copper price forecast swinging significantly on shifting outlook

April 29, 2024 / www.canadianminingreport.com

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com

Gold stocks edge up as weak equities offset metal rise

April 22, 2024 / www.canadianminingreport.com

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok