S&P/TSX composite up more than 200 points, U.S. stocks also climb higher

TORONTO –

Canada’s primary inventory index was up greater than 200 factors in late-morning buying and selling in a broad-based rally as good points within the base metallic and vitality sectors helped lead the market larger, whereas U.S. shares additionally gained floor.

The S&P/TSX composite index was up 255.51 factors at 19,562.40.

In New York, the Dow Jones industrial common was up 535.84 factors at 33,385.58. The S&P 500 index was up 61.24 factors at 3,882.86, whereas the Nasdaq composite was up 176.08 factors at 10,723.19.

The Canadian greenback traded for 73.39 cents US in contrast with 73.42 cents US on Tuesday.

The February crude contract was up US$1.78 at US$78.01 per barrel and the January pure gasoline contract was up 16 cents at US$5.49 per mmBTU.

The February gold contract was up US$1.50 at US$1,826.90 an oz and the March copper contract was up a penny at US$3.81 a pound.

This report by The Canadian Press was first revealed Dec. 21, 2022