Canada’s main stock index up in late-morning trading as oil rises

TORONTO –

Gains by the power and base steel shares helped carry Canada’s most important inventory index larger in late-morning buying and selling as commodity costs rose and U.S. inventory markets put in a blended displaying.

The S&P/TSX composite index was up 58.44 factors at 19,869.13.

In New York, the Dow Jones industrial common was down 50.24 factors at 33,872.02. The S&P 500 index was up 0.88 of a degree at 4,412.47, whereas the Nasdaq composite was up 33.24 factors at 13,712.28.

The Canadian greenback traded for 75.21 cents US in contrast with 74.92 cents US on Thursday.

The August crude oil contract was up US$1.14 at US$72.94 per barrel and the August pure gasoline contract was up 4 cents at US$2.65 per mmBTU.

The August gold contract was up US$22.30 at US$1,937.70 an oz. and the September copper contract was up 5 cents at US$3.78 a pound.