Energy sector helps lead S&P/TSX composite higher, U.S. stock markets also rise

TORONTO — Gains in the energy sector helped lead a broad-based rally that boosted Canada’s main stock index nearly 200 points in late-morning trading, while U.S. stock markets also climbed higher.

The S&P/TSX composite index was up 183.02 points at 20,816.29.

In New York, the Dow Jones industrial average was up 602.23 points at 35,182.31. The S&P 500 index was up 40.94 points at 4,579.37, while the Nasdaq composite was up 4.35 at 15,089.82.

The Canadian dollar traded for 78.24 cents US compared with 78.05 cents US on Friday.

The January crude oil contract was up US$1.52 at US$67.78 per barrel and the January natural gas contract was down 47 cents at US$3.66 per mmBTU.

The February gold contract was down US$3.20 at US$1,780.70 an ounce and the March copper contract was up four cents at US$4.31 a pound.

This report by The Canadian Press was first published Dec. 6, 2021.

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

The Canadian Press