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North American stock markets up in late-morning trading, loonie rises

TORONTO — Strength in the technology and metals and mining sectors helped lift Canada’s main stock index as U.S. stock markets also rallied in late-morning trading.

The S&P/TSX composite index was up 71.90 points at 17,639.32.

In New York, the Dow Jones industrial average was up 121.23 points at 30,275.77. The S&P 500 index was up 16.51 points at 3,717.68, while the Nasdaq composite was up 67.26 points at 12,725.45.

The Canadian dollar traded for 78.64 cents US compared with 78.41 cents US on Wednesday.

The February crude oil contract was up 38 cents at US$48.38 per barrel and the January natural gas contract was down six cents at US$2.61 per mmBTU.

The February gold contract was up US$34.40 at US$1,893.50 an ounce and the March copper contract was up three cents at US$3.59 a pound.

This report by The Canadian Press was first published Dec. 17, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/north-american-stock-markets-up-in-late-morning-trading-loonie-rises-1.5235054

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