TORONTO — Gains in the industrial and utility sectors led a broad-based rally on the Toronto Stock Exchange in late-morning trading as Canada’s main stock index gained nearly 300 points and U.S. stock markets also charged ahead.
The S&P/TSX composite index was up 287.74 points to 16,286.48.
In the U.S., the Dow Jones industrial average was up 591.31 points to 28,438.97. The S&P 500 index was up 74.31 points to 3,517.75, while the Nasdaq composite was up 272.70 points to 11,863.50.
The Canadian dollar was trading at 76.70 cents US compared to an average of 76.12 cents US on Wednesday.
The December crude oil contract was down 46 cents at US$38.69 per barrel and the December natural gas contract was down two cents at US$3.03 per mmBTU.
The December gold contract was up US$53.60 at US$1,949.80 an ounce and the December copper contract was up a penny at US$3.12 a pound.
This report by The Canadian Press was first published Nov. 5, 2020.
