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North American stock markets up in late-morning trading, loonie down

TORONTO — Gains in the technology, industrial and utility sectors helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets also climbed.

The S&P/TSX composite index was up 37.94 points at 15,950.20.

In New York, the Dow Jones industrial average was up 122.40 points at 26,937.84. The S&P 500 index was up 20.76 points at 3,267.35, while the Nasdaq composite was up 128.58 points at 10,800.85.

The Canadian dollar traded for 74.56 cents US compared with 74.77 cents US on Thursday.

The November crude oil contract was down 28 cents at US$40.03 per barrel and the November natural gas contract was down seven cents at US$2.83 per mmBTU.

The December gold contract was down US$10.00 at US$1,866.90 an ounce and the December copper contract was up almost a cent at US$2.97 a pound.

This report by The Canadian Press was first published Sept. 25, 2020.

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

The Canadian Press

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