North American stock markets up at late-morning, loonie edges lower

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OTTAWA — The financial and industrial sectors helped lead a broad-based rally as Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets also surged higher.

The S&P/TSX composite index was up 246.62 points at 16,346.14.

In New York, the Dow Jones industrial average was up 517.03 points at 28,017.92. The S&P 500 index was up 69.35 points at 3,401.19, while the Nasdaq composite was up 276.97 points at 11,124.66.

The Canadian dollar traded for 75.96 cents US compared with 75.81 cents US on Tuesday.

The October crude contract was up 86 cents at US$37.62 per barrel and the October natural gas contract was down nearly four cents at US$2.37 per mmBTU.

The December gold contract was up US$9.40 at US$1,952.60 an ounce and the December copper contract was up nearly two cents at US$3.04 a pound.

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

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