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North American stock markets climb higher to start trading week, oil up

TORONTO — Canada’s main stock index was up in early trading, helped by gains in the financial and energy sectors as the price of oil climbed higher and U.S. stock markets also rose.

The S&P/TSX composite index was up 71.87 points at 16,271.12.

In New York, the Dow Jones industrial average was up 248.17 points at 27,930.98. The S&P 500 index was up 30.03 points at 3,378.47, while the Nasdaq composite was up 127.48 points at 11,202.50.

The Canadian dollar traded for 75.38 cents US compared with 75.13 cents US on Friday.

The November crude contract was up US$1.81 at US$38.86 per barrel and the November natural gas contract was up 22 cents at US$2.66 per mmBTU.

The December gold contract was up US$4.60 at US$1,912.20 an ounce and the December copper contract was down four cents at US$2.94 a pound.

This report by The Canadian Press was first published Oct. 5, 2020.

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

The Canadian Press

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