TORONTO — Gains in the financial sector led the way as Canada’s main stock index posted a triple-digit advance in late morning trading, while the loonie rose compared with the U.S. dollar.
The S&P/TSX composite index was up 131.98 points at 14,965.67.
In New York, the Dow Jones industrial average was up 345.99 points at 24,221.88. The S&P 500 index was up 35.30 points at 2,916.49, while the Nasdaq composite was up 103.88 points at 9,083.54.
The Canadian dollar traded for 71.77 cents US compared with an average of 71.35 cents US on Thursday.
The July crude contract was up 68 cents at US$25.51 per barrel and the June natural gas contract was down four cents at US$1.86 per mmBTU.
The June gold contract was down US$4.30 at US$1,721.50 an ounce and the July copper contract was up three cents at US$2.41 a pound.
This report by The Canadian Press was first published May 8, 2020
