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North American stock markets up at the start of the trading day, loonie lower

TORONTO — Gains in the financial sector as well as metal and mining stocks helped lift Canada’s main stock index in early trading, while U.S. stock markets also advanced.

The S&;P/TSX composite index was up 91.01 points at 16,365.08.

In New York, the Dow Jones industrial average was up 169.17 points at 28,364.59. The S&P 500 index was up 22.20 at 3,449.12, while the Nasdaq composite was up 65.34 points at 11,544.22.

The Canadian dollar traded for 75.86 cents US compared with 75.96 cents US on Monday.

The December crude oil contract was down 46 cents at US$40.60 per barrel and the November natural gas contract was up 14 cents at US$2.94 per mmBTU.

The December gold contract was down US$7.20 at US$1,904.50 an ounce and  the December copper contract was up three cents at US$3.12 a pound.

This report by The Canadian Press was first published Oct. 20, 2020.

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

The Canadian Press

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