North American stock markets open higher, loonie tops 74 cents US

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TORONTO — Canada’s main stock index posted a triple-digit advance in early trading as the key financial and industrial sectors pushed higher, while U.S. stock markets also made gains.

The S&P/TSX composite index was up 143.61 points at 15,660.51.

In New York, the Dow Jones industrial average was up 230.03 points at 26,254.99. The S&P 500 index was up 26.04 points at 3,143.90, while the Nasdaq composite was up 74.59 points at 10,131.07.

The Canadian dollar traded for 74.02 cents US compared with 73.83 cents US on Monday.

The August crude contract was up 24 cents at US$40.97 per barrel and the August natural gas contract was down two cents at US$1.71 per mmBTU.

The August gold contract was up US$14.20 at US$1,780.60 an ounce and the July copper contract was up almost a penny at US$2.66 a pound.

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

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