Market Overview
Canada’s main stock index, the S&P/TSX Composite, rose 224.46 points to 35,417.12 in late-morning trading, supported by strength in financial and technology sectors. U.S. markets also moved higher.
U.S. Markets
- Dow Jones Industrial Average: +355.65 points, 52,067.30
- S&P 500: +42.29 points, 7,450.59
- Nasdaq Composite: +7.90 points, 25,145.59
Currency and Commodities
- Canadian dollar: 71.02 cents US
- September crude oil contract: US$89.38 per barrel (-2.81)
- August gold contract: US$4,072.20 per ounce (+22.00)
Summary
The rally was driven by positive momentum in key sectors, with oil prices down slightly while gold increased. The Canadian dollar remained stable compared with the previous day.
