S&P/TSX composite up more than 100 points, U.S. stock markets also rise
Global News
The S&P/TSX composite index was up 116.34 points at 19,504.06.
Canada’s main stock index was up more than 100 points in late-morning trading, helped higher by strength in the base metal stocks as well as the energy and telecommunication sectors, while U.S. stock markets also climbed higher.
The S&P/TSX composite index was up 116.34 points at 19,504.06.
In New York, the Dow Jones industrial average was up 337.38 points at 32,199.36. The S&P 500 index was up 31.42 points at 3,948.06, while the Nasdaq composite was up 37.52 points at 11,668.03.
The Canadian dollar traded for 73.16 cents US compared with 72.81 cents US on Friday.
The May crude contract was down 43 cents at US$66.50 per barrel and the April natural gas contract was down five cents at US$2.29 per mmBTU.
The April gold contract was down 40 cents at US$1,973.10 an ounce and the May copper contract was up seven cents at US$3.96 a pound.
The move by the United States Postal Service comes after some 55,000 Canada Post workers walked off the job more than two weeks ago.
The Canadian economy underperformed the Bank of Canada's call for 1.5 per cent annualized growth in the third quarter, and per-capita GDP fell for a sixth consecutive quarter.