TORONTO – Gains in the energy and technology sectors helped Canada’s main stock index rise more than 100 points in late-morning trading, while U.S. stock markets also rallied to regain some of their recent losses.
The S&P/TSX composite index was up 127.21 points at 19,310.84.
In New York, the Dow Jones industrial average was up 561.09 points at 30,449.87. The S&P 500 index was up 96.10 points at 3,770.94, while the Nasdaq composite was up 353.83 points at 11,152.18.
The Canadian dollar traded for 77.34 cents US compared with 76.96 cents US on Monday.
The August crude oil contract was up US$2.16 at US$110.15 per barrel and the July natural gas contract was down 13 cents at US$6.82 per mmBTU.
The August gold contract was up US$1.40 at US$1,842.00 an ounce and the July copper contract was up five cents at US$4.06 a pound.
This report by The Canadian Press was first published June 21, 2022.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
Energy and tech stocks help lift S&P/TSX composite, U.S. stock markets also rally