TORONTO — Canada’s main stock index was up more than 200 points in late-morning trading as strength in the base metals sector helped lead a broad-based rally, while U.S. stock markets also climbed higher.
The S&P/TSX composite index was up 234.56 points at 20,440.97.
In New York, the Dow Jones industrial average was up 201.92 points at 32,425.34. The S&P 500 index was up 38.77 points at 4,046.78, while the Nasdaq composite was up 159.97 points at 11,822.76.
The Canadian dollar traded for 77.85 cents US compared with 77.59 cents US on Monday.
The June crude contract was up 62 cents at US$114.82 per barrel and the June natural gas contract was up 32 cents at US$8.28 per mmBTU.
The June gold contract was up US$6.80 at US$1,820.80 an ounce and the July copper contract was up six cents at US$4.25 a pound.
This report by The Canadian Press was first published May 17, 2022.
Companies in this story: (TSX:GSPTSE, TSX_CADUSD=X)
Read More: S&P/TSX composite up more than 200 points, U.S. stock markets also climb higher