Financials help lift S&P/TSX composite, loonie gains ground against U.S. dollar

TORONTO — The financial sector helped lead a broad-based rally as Canada’s main stock index pushed into record territory.

The S&P/TSX composite index was up 75.42 points at 17,815.99.

In New York, the Dow Jones industrial average was up 46.33 points at 29,323.15. The S&P 500 index was up 18.03 points at 3,370.12, while the Nasdaq composite was up 79.46 points at 9,707.85.

The Canadian dollar traded for 75.26 cents US compared with an average of 75.08 cents US on Monday.

The March crude contract was up 74 cents at US$50.31 per barrel and the March natural gas contract was up 1.5 cents at US$1.78 per mmBTU.

The April gold contract was down US$13.80 at US$1,565.70 an ounce and the March copper contract was up 3.85 cents at US$2.59 a pound.

This report by The Canadian Press was first published Feb. 11, 2020

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