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Materials sector helps boost Toronto stock market higher, loonie rises

Last Updated Feb 14, 2018 at 8:55 am PST

(iStock Photo)

TORONTO (NEWS 1130) – The materials sector helped boost Canada’s main stock index in late-morning trading as the loonie also climbed higher.

The S&P/TSX composite index was up 42.41 points to 15,258.88, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 7.84 points to 24,648.29. The S&P 500 index was up 6.60 points to 2,669.54 and the Nasdaq composite index was up 50.59 points to 7,064.10.

The Canadian dollar was trading at 79.63 cents US, up from an average price of 79.37 cents US on Tuesday.

The March crude contract was up 19 cents to US$59.38 per barrel and the March natural gas contract was unchanged at US$2.59 per mmBTU.

The April gold contract was up US$21.10 to US$1,351.50 an ounce and the March copper contract was up five cents to US$3.21 a pound.