A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Sept. 1, 2022. Asian shares were mostly lower Thursday, tracking the broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. (AP Photo/Lee Jin-man)
TORONTO — Canada’s main stock index rose more than 300 points in late-morning trading to regain some of its recent losses, led by strength in the heavyweight energy, base metal and financial sectors.
The S&P/TSX composite index was up 325.11 points at 19,467.83.
In New York, the Dow Jones industrial average was up 332.70 points at 31,989.12. The S&P 500 index was up 45.53 points at 4,012.38, while the Nasdaq composite was up 122.27 points at 11,907.40.
The Canadian dollar traded for 76.40 cents US compared with 75.95 cents US on Thursday.
The October crude contract was up US$1.65 at US$88.26 per barrel and the October natural gas contract was down 54 cents at US$8.73 per mmBTU.
The December gold contract was up US$19.00 at US$1,728.30 an ounce and the December copper contract was up four cents at US$3.45 a pound.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
Heidi is an ascerbic and saucy wordsmith who was born in raised in Sault Ste. Marie where her love of words began at an early age, when she questioned the doctor who delivered her as to his techniques in the birthing room. She did graduate from York University with an Honours BA in English which was then put to use in the hospitality industry. She supplemented her formal education with training at Toronto's The Second City and graduated after two years of study. A professional improvisor, she doesn't shy away from asking hard questions and her innate curiosity has brought her to this new role, ready to serve the news seekers of Sault Ste. Marie and supply them with the salient facts and stories they are keen to know. She is active in her hometown community, enjoys being outdoors and is thrilled to be a part of the team at Superior Media.