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Base metals and energy help lift S&P/TSX composite, U.S. stock markets also rise

TORONTO — Gains in the base metals and energy sectors helped lift Canada’s main stock index in early trading, while U.S. stock markets also climbed higher.

The S&P/TSX composite index was up 17.61 points at 18,668.71.

In New York, the Dow Jones industrial average was up 126.76 points at 32,746.24. The S&P 500 index was up 15.67 points at 3,925.19, while the Nasdaq composite was up 43.18 points at 13,020.86.

The Canadian dollar traded for 79.57 cents US compared with 79.33 cents US on Thursday.

The May crude oil contract was up US$1.95 at US$60.51 per barrel and the May natural gas contract was up two cents at US$2.63 per mmBTU.

The April gold contract was down 90 cents at US$1,724.20 an ounce and the May copper contract was up seven cents at US$4.04 a pound.

This report by The Canadian Press was first published March 26, 2021

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/base-metals-and-energy-help-lift-s-p-tsx-composite-u-s-stock-markets-also-rise-1.5363220

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