North American stocks up in late-morning trading, loonie trades up

TORONTO — The industrials and technology sectors helped lift Canada’s main stock index higher in late-morning trading as U.S. stock markets also edged higher.

The S&P/TSX composite index was up 28.99 points at 16,313.52.

In New York, the Dow Jones industrial average was up 40.11 points at 25,572.16. The S&P 500 index was up 8.57 at 2,842.98, while the Nasdaq composite was up 55.58 points at 7,790.07.

The Canadian dollar traded for 74.33 cents US compared with an average of 74.24 cents US on Tuesday.

The June crude contract was up 12 cents at US$61.90 per barrel and the June natural gas contract was down 4.8 cents at US$2.61 per mmBTU.

The June gold contract was up US$1.20 at US$1,297.50 an ounce and the July copper contract was up 1.40 cents at US$2.74 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSDX)

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