S&P/TSX composite up more than 100 points, U.S. stocks also higher

TORONTO –

Gains within the power and base metallic sectors helped Canada’s most important inventory index acquire greater than 100 factors in late-morning buying and selling, whereas the loonie additionally rose to high 75 cents US.

The S&P/TSX composite index was up 116.77 factors at 20,038.08.

In New York, the Dow Jones industrial common was up 178.46 factors at 34,244.79. The S&P 500 index was up 31.73 factors at 4,370.66, whereas the Nasdaq composite was up 102 factors at 13,563.92.

The Canadian greenback traded for 75.23 cents US in contrast with 74.82 cents US on Monday.

The July crude contract was up US$2.47 at US$69.59 per barrel and the July pure fuel contract was up 9 cents at US$2.35 per mmBTU (million British thermal items).

The August gold contract was down US$4.80 at US$1,964.90 an oz and the July copper contract was up eight cents at US$3.84 a pound.

This report by The Canadian Press was first revealed June 13, 2023.