S&P/TSX composite up in late morning trading, U.S. stock markets up
TORONTO — U.S. stock markets were up in in late-morning trading after American lawmakers reached a deal to extend the government’s borrowing, while Canada’s main stock index edged up as well.
The S&P/TSX composite index was up 216.74 points at 20,408.40, with base metals and information technology leading the triple-digit increase.
In New York, the Dow Jones industrial average was up 501.54 points at 34,918.53.
The S&P 500 index was up 59.27 points at 4,422.82 while the Nasdaq composite was up 227.29 points at 14,729.20,
The Canadian dollar traded for 79.69 cents US compared with 79.28 cents US on Wednesday.
The November crude contract was up 53 cents at US$77.96 per barrel and the November natural gas contract was down four cents at US$5.63 per mmBTU.
The December gold contract was down US$1.70 at US$1,760.10 an ounce and the December copper contract was up eight cents at US$4.23 a pound.
This report by The Canadian Press…
