TORONTO — Canada’s main stock index soared more than 300 points in late-morning trading led by gains in the financial, industrial and energy sectors as the price of oil also climbed higher.
The S&P/TSX composite index was up 338.62 points at 15,136.91.
In New York, the Dow Jones industrial average was up 500.65 points at 24,602.20. The S&P 500 index was up 68.45 points at 2,931.84, while the Nasdaq composite was up 258.68 points at 8,866.41.
The Canadian dollar traded for 71.83 cents US compared with an average of 71.54 cents US on Tuesday.
The June crude contract was up US$4.11 at US$16.45 per barrel and the June natural gas contract was down seven cents at nearly US$1.88 per mmBTU.
The June gold contract was down US$10.20 at US$1,712.00 an ounce and the July copper contract was up three cents at nearly US$2.38 a pound.
This report by The Canadian Press was first published April 29, 2020.
