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Financials help lift Toronto stock market; U.S. markets head higher

TORONTO — The financial sector helped lift Canada’s main stock index in late-morning trading while the health-care sector, which includes the big names in the cannabis sector, also climbed higher.

The S&P/TSX composite index was up 71.57 points at 16,486.73.

In New York, the Dow Jones industrial average was up 249.91 points at 27,037.27. The S&P 500 index was up 30.48 points at 2,996.63, while the Nasdaq composite was up 88.71 points at 8,137.36.

The Canadian dollar traded for 75.74 cents US compared with an average of 75.77 cents US on Friday.

The November crude contract was down 16 cents at US$53.43 per barrel and the November natural gas contract was up 1.9 cents at US$2.30 per mmBTU.

The December gold contract was down US$6.90 at US$1,490.70 an ounce and the December copper contract was down 2.25 cents at US$2.61 a pound.

This report by The Canadian Press was first published Oct. 15, 2019.

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

 

The Canadian Press