TORONTO –
Canada’s main stock index surged as reassurances about the latest COVID-19 variant powered the energy sector higher and prompted a broad-based rally.
The S&P/TSX composite index closed up 227.83 points to 20,861.10.
In New York, the Dow Jones industrial average was up 646.95 points at 35,227.03. The S&P 500 index was up 53.24 points at 4,591.67, while the Nasdaq composite was up 139.68 points at 15,225.15.
The Canadian dollar traded for 78.25 cents US compared with 78.05 cents US on Friday.
The January crude oil contract was up US$3.23 at US$69.49 per barrel and the January natural gas contract was down 47.5 cents at nearly US$3.66 per mmBTU.
The February gold contract was down US$4.40 at US$1,779.50 an ounce and the March copper contract was up 7.1 cents at almost US$4.34 a pound.
This report by The Canadian Press was first published Dec. 6, 2021.
