S&P/TSX composite up more than 100 points, U.S. stock markets also rise

TORONTO –

Strength within the expertise, vitality and base steel sectors helped Canada’s primary inventory index acquire greater than 100 factors in late-morning buying and selling, whereas U.S. inventory markets additionally climbed larger after a report confirmed U.S. inflation slowed in November.

The S&P/TSX composite index was up 128.46 factors at 20,148.16.

In New York, the Dow Jones industrial common was up 270.49 factors at 34,275.53. The S&P 500 index was up 63.04 factors at 4,053.60, whereas the Nasdaq composite was up 264.91 factors at 11,408.65.

The Canadian greenback traded for 73.81 cents US in contrast with 73.22 cents US on Monday.

The January crude contract was up US$1.91 at US$75.08 per barrel and the January pure fuel contract was up 42 cents at US$7.00 per mmBTU.

The February gold contract was up US$30.70 at US$1,823.00 an oz and the March copper contract was up 10 cents at US$3.90 a pound.

This report by The Canadian Press was first printed Dec. 13, 2022