TORONTO — North American stock markets started the trading day by moving higher, while the price of oil also gained ground.
The S&P/TSX composite index was up 181.68 points at 15,012.42.
In New York, the Dow Jones industrial average was up 275.72 points at 23,940.36. The S&P 500 index was up 40.24 points at 2,888.66, while the Nasdaq composite was up 119.78 points at 8,974.17.
The Canadian dollar traded for 71.02 cents US compared with an average of 70.80 cents US on Wednesday.
The July crude oil contract was up US$1.93 at US$27.55 per barrel and the June natural gas contract was up nearly two cents at US$1.96 per mmBTU.
The June gold contract was up US$9.70 at US$1,698.20 an ounce and the July copper contract was up four cents at nearly US$2.39 a pound.
This report by The Canadian Press was first published May 7, 2020.
