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S&P/TSX composite up more than 100 points, U.S. stocks also higher

Last Updated Jun 13, 2023 at 9:43 am MDT

The Canadian dollar coin is pictured in North Vancouver, B.C., Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

TORONTO — Gains the energy and base metal sectors helped Canada’s main stock index gain more than 100 points in late-morning trading, while the loonie also rose to top 75 cents US.

The S&P/TSX composite index was up 116.77 points at 20,038.08.

In New York, the Dow Jones industrial average was up 178.46 points at 34,244.79. The S&P 500 index was up 31.73 points at 4,370.66, while the Nasdaq composite was up 102 points at 13,563.92.

The Canadian dollar traded for 75.23 cents US compared with 74.82 cents US on Monday.

The July crude contract was up US$2.47 at US$69.59 per barrel and the July natural gas contract was up nine cents at US$2.35 per mmBTU.

The August gold contract was down US$4.80 at US$1,964.90 an ounce and the July copper contract was up eight cents at US$3.84 a pound.

This report by The Canadian Press was first published June 13, 2023.

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

The Canadian Press