S&P/TSX composite up more than 300 points, U.S. stock markets also higher

Canada's S&P/TSX composite index surged over 300 points in early trading, driven by strength in base metal and industrial sectors, according to market reports. The index closed at 35,940.48 points. Concurrently, U.S. stock markets also opened higher, with the Dow Jones Industrial Average jumping 514.57 points to 52,284.88 and the S&P 500 gaining 47.66 points to 7,627.73.

The Nasdaq Composite added 207.56 points to reach 25,644.56. The Canadian dollar was trading at 71.57 cents US, slightly higher than the previous day's 71.63 cents US. Crude oil prices dropped 6.96 US dollars to 97.16 per barrel, while gold prices rose 70.50 US dollars to 3,969.40 an ounce.