Canada's main stock index edges up as U.S. counterparts surge higher

TORONTO — Canada’s main stock index was up marginally as U.S. markets saw bigger gains.

The S&P/TSX composite index was up 69.67 points at 16,492 in morning trading, with some of the lift coming from bank stocks.

In New York, the Dow Jones industrial average was up 420.29 points at 26,916.96. The S&P 500 index was up 48.38 points at 2,986.51, while the Nasdaq composite was up 147.80 points at 8,098.59.

The Canadian dollar traded at 75.86 cents US, compared with an average of 75.22 cents US on Thursday.

The November crude contract was up 76 cents at US$54.31 per barrel and the November natural gas contract was up 3.2 cents at US$2.25 per mmBTU.

The December gold contract was down $14.50 at US$1,486.40 an ounce and the December copper contract was up 0.3 of a cent at US$2.62 a pound.

This report by The Canadian Press was first published Oct. 11, 2019.


Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press