Gains in the energy sector as the price of oil rose to top US$80 a barrel helped Canada’s main stock index climb more than 200 points in late-morning trading, while U.S. stock markets also traded higher.
The S&P/TSX composite index was up 224.69 points at 18,532.60.
In New York, the Dow Jones industrial average was up 350.26 points at 29,485.25. The S&P 500 index was up 41.26 points at 3,688.55, while the Nasdaq composite was up 105.67 points at 10,935.17.
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The Canadian dollar traded for 73.04 cents US compared with 72.85 cents US on Tuesday.
The November crude contract was up US$2.37 at US$80.87 per barrel and the November natural gas contract was down six cents at US$6.70 per mmBTU.
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The December gold contract was up US$26.70 at US$1,662.90 an ounce and the December copper contract was up five cents at US$3.33 a pound.
© 2022 The Canadian Press
