TORONTO — Canada’s main stock index was up more than 400 points in early trading, while U.S. stock markets also surged higher after a report that inflation in the United States eased in October.
The S&P/TSX composite index was up 462.17 points at 19,806.42.
In New York, the Dow Jones industrial average was up 750.02 points at 33,263.96. The S&P 500 index was up 125.65 points at 3,874.22, while the Nasdaq composite was up 449.24 points at 10,802.42.
The Canadian dollar traded for 74.76 cents US compared with 74.18 cents US on Wednesday.
The December crude contract was down 24 cents at US$85.59 per barrel and the December natural gas contract was up 23 cents at US$6.10 per mmBTU.
The December gold contract was up US$31.20 at US$1,744.90 an ounce and the December copper contract was up six cents at US$3.76 a pound.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)