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North American stock markets up in early trading, loonie tops 75 cents US

TORONTO — Canada’s main stock index was up in early trading, helped by gains in the technology and industrial sectors, while U.S. stock markets also rose and the loonie climbed back above 75 cents US.

The S&P/TSX composite index was up 91.76 points at 16,213.14.

In New York, the Dow Jones industrial average was up 239.50 points at 28,021.20. The S&P 500 index was up 31.90 points at 3,394.90, while the Nasdaq composite was up 145.24 points at 11,312.75.

The Canadian dollar traded for 75.13 cents US compared with 74.97 cents US on Wednesday.

The November crude oil contract was down US$1.15 at US$39.07 per barrel and the November natural gas contract was up a penny at US$2.54 per mmBTU.

The December gold contract was up US$12.40 at US$1,907.90 an ounce and the December copper contract was down eight ents at US$2.95 a pound.

This report by The Canadian Press was first published Oct. 1, 2020.

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

The Canadian Press

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