S&P/TSX composite up nearly 200 points, U.S. stock markets also trade higher

TORONTO - Canada's main stock index, the S&P/TSX composite, surged nearly 200 points in late-morning trading on Monday, bolstered by strength in the financial and base metal sectors. Simultaneously, U.S. stock markets also climbed higher. The S&P/TSX composite index closed at 36,897.93, up 183.81 points. In New York, the Dow Jones industrial average rose 47.74 points to 53,464.90, while the S&P 500 index increased by 13.45 points to 7,666.31.

The Nasdaq composite index added 110.65 points to reach 26,090.84. The Canadian dollar was steady at 72.24 cents US, unchanged from the previous day. Meanwhile, crude oil prices fell $2.51 to $82.50 per barrel, and the December gold contract decreased by $7.30 to $4,690.50 an ounce.