S&P/TSX composite posts triple-digit advance, while U.S. markets also surge

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TORONTO — Canada’s main stock index posted a triple-digit advance in a broad-based rally at the start of trading, while U.S. stock markets also surged higher.

The S&P/TSX composite index was up 204.49 points at 16,628.11.

In New York, the Dow Jones industrial average was up 509.66 points at 26,427.07. The S&P 500 index was up 45.17 points at 3,048.54, while the Nasdaq composite was up 108.00 points at 8,792.09.

The Canadian dollar traded for 74.98 cents US compared with an average of 74.83 cents US on Tuesday.

The April crude contract was up US$1.15 at US$48.33 per barrel and the April natural gas contract was up 3.5 cents at US$1.835 per mmBTU.

The April gold contract was down US$3.30 at US$1,641.10 an ounce and the May copper contract was up 1.30 cents at US$2.5860 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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