S&P/TSX composite up nearly 200 points, U.S. stock markets also move higher
Canada's main stock index, the S&P/TSX composite, surged nearly 200 points in late-morning trading, bolstered by gains in the utility and financial sectors. The Dow Jones industrial average in New York also climbed, adding 385.15 points to reach 51,653.05, while the S&P 500 and Nasdaq composite indexes experienced similar upward movements.
The Canadian dollar strengthened to 70.30 cents US against the US dollar, up from 70.16 cents US the previous day. Crude oil prices declined by 1.53 US dollars to 87.90 per barrel, while gold rose 31.20 US dollars to 4,188.00 an ounce.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
