Materials sector helps power Toronto market

TORONTO — Canada’s main stock index climbed higher in late-morning trying, fuelled by gains in the materials sector as the price of gold rose.

The S&P/TSX composite index was up 59.95 points at 15,449.67.

In New York, the Dow Jones industrial average was up 88.51 points at 25,684.31. The S&P 500 index was up 28.36 points at 3,081.60, while the Nasdaq composite was up 128.74 points at 10,002.89.

The Canadian dollar traded for 73.53 cents US compared with 73.09 cents US on Monday.

The August crude contract was down 11 cents at US$39.59 per barrel and the August natural gas contract was up a penny at US$1.72 per mmBTU.

The August gold contract was up US$18.30 at US$1,799.50 an ounce and the September copper contract was up three cents at US$2.72 a pound.

This report by The Canadian Press was first published June 30, 2020.

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

By The Canadian Press

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