TORONTO — Canada’s main stock index was up in late-morning trading despite a plunge in the price of oil that dragged down the energy sector.
The S&P/TSX composite index up 80.90 points at 14,501.26.
In New York, the Dow Jones industrial average was up 227.99 points at 24,003.26. The S&P 500 index was up 28.35 points at 2,865.09, while the Nasdaq composite was up 94.58 points at 8,729.10.
The Canadian dollar traded for 71.18 cents US compared with an average of 70.97 cents US on Friday.
The June crude contract was down US$4.42 at US$12.52 per barrel and the June natural gas contract was down nearly 12 cents at nearly US$1.78 per mmBTU.
The June gold contract was down US$11.40 at US$1,724.20 an ounce and the May copper contract was up nearly a penny at US$2.34 a pound.
This report by The Canadian Press was first published April 27, 2020.
