Gains in the technology and base metal sectors contributed to a widespread rally as Canada’s main stock index surged more than 150 points. Meanwhile, U.S. stock markets also saw an upward trend in late-morning trading.
The S&P/TSX composite index closed at 20,191.20, marking a gain of 166.06 points.
In New York, the Dow Jones industrial average rose by 127.15 points to reach 34,687.13. The S&P 500 index increased by 40.43 points to 4,473.74, while the Nasdaq composite gained 192.56 points, closing at 13,897.69.
The Canadian dollar traded at 73.59 cents US, slightly higher than the previous day’s exchange rate of 73.55 cents US.
The October crude oil contract experienced a gain of 33 cents, closing at US$80.43 per barrel, while the October natural gas contract remained relatively stable at US$2.66 per mmBTU.
The December gold contract showed an increase of US$14.90, reaching US$1,961.70 per ounce, and the December copper contract gained four cents, closing at US$3.83 per pound.
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