S&P/TSX composite up more than 200 points in late-morning trading

TORONTO — Strength in the energy sector helped Canada’s main stock index rise more than 200 points in late morning trading, while U.S. stock markets also climbed higher.

The S&P/TSX composite index was up 207.01 points at 18,413.29.

In New York, the Dow Jones industrial average was up 429.49 points at 29,640.34. The S&P 500 index was up 44.17 points at 3,621.20, while the Nasdaq composite was up 121.65 points at 10,538.75.

The Canadian dollar traded for 72.27 cents US compared with 72.45 cents US on Wednesday.

The November crude contract was up 80 cents at US$88.07 per barrel and the November natural gas contract was up 11 cents at US$6.54 per mmBTU.

The December gold contract was down US$19.80 at US$1,657.70 an ounce and the December copper contract was down three cents at US$3.40 a pound.

This report by The Canadian Press was first published Oct. 13, 2022.

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

The Canadian Press