S&P/TSX composite up more than 150 points in late-morning trading

TORONTO –

Strength within the power, expertise and base steel sectors helped Canada’s principal inventory index acquire greater than 150 factors in late-morning buying and selling, whereas U.S. inventory markets additionally climbed greater.

The S&P/TSX composite index was up 157.61 factors at 19,972.12.

In New York, the Dow Jones industrial common was up 293.11 factors at 33,923.72. The S&P 500 index was up 55.18 factors at 3,950.26, whereas the Nasdaq composite was up 231.24 factors at 10,800.53.

The Canadian greenback traded for 74.84 cents US in contrast with 74.15 cents US on Friday.

The February crude oil contract was up US$1.68 at US$75.45 per barrel and the February pure gasoline contract was up 35 cents at US$4.06 per mmBTU.

The February gold contract was up US$8.30 at US$1,878.00 an oz and the March copper contract was up 12 cents at US$4.04 a pound.

This report by The Canadian Press was first printed Jan. 9, 2023