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S&P/TSX composite up in broad-based rally, U.S. stock markets also rise

Last Updated Jun 11, 2021 at 8:00 am MDT

TORONTO — Canada’s main stock index climbed higher in early trading as strength in the base metals sector helped lead a broad-based rally, while U.S. stock markets also rose.

The S&P/TSX composite index was up 39.97 points at 20,089.44.

In New York, the Dow Jones industrial average was up 106.87 points at 34,573.11. The S&P 500 index was up 7.48 points at 4,246.66, while the Nasdaq composite was up 9.25 points at 14,029.58.

The Canadian dollar traded for 82.55 cents US compared with 82.69 cents US on Thursday.

The July crude oil contract was up 19 cents at US$70.48 per barrel and the July natural gas contract was up 11 cents at US$3.26 per mmBTU.

The August gold contract was down US$9.80 at US$1,886.60 an ounce and the July copper contract was up nine cents at US$4.58 a pound.

This report by The Canadian Press was first published June 11, 2021.

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

The Canadian Press