Toronto, U.S. markets reverse earlier losses to close higher, loonie steady

TORONTO _ Canada’s main stock index closed higher Friday after paring losses from earlier in the day.

The Toronto Stock Exchange’s S&P/TSX composite index closed up 9.91 points to 16,202.69.

In New York, the Dow Jones industrial average was up 75.12 points to 25,316.53. The S&P 500 index was up 8.66 points to 2,779.03 and the Nasdaq composite index was up 10.44 points to 7,645.51.

The Canadian dollar averaged 77.15 cents US, up 0.06 of a cent US.

The July crude contract was down 21 cents to US$65.74 per barrel and the July natural gas contract was down four cents to US$2.89 per mmBTU.

The August gold contract was down 30 cents to US$1,302.70 an ounce and the July copper contract was up three cents to US$3.30 a pound.