North American stock markets up in late-morning trading, loonie climbs higher

By The Canadian Press on January 14, 2021.

A street sign along Bay Street in Toronto's financial district is shown in Toronto on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index climbed higher in late-morning trading, driven by gains in the technology, energy and metals and mining sectors, while the loonie rose to top 79 cents US.

The S&P/TSX composite index was up 66.71 points at 18,001.45.

In New York, the Dow Jones industrial average was up 132.80 points at 31,193.27. The S&P 500 index was up 8.58 points at 3,818.42, while the Nasdaq composite was up 67.83 points at 13,196.78.

The Canadian dollar traded for 79.04 cents US compared with 78.68 cents US on Wednesday.

The February crude oil contract was down 27 cents at US$52.64 per barrel and the February natural gas contract was up a penny at US$2.74 per mmBTU.

The February gold contract was down US$6.30 at US$1,848.60 an ounce and the March copper contract was up four cents at US$3.65 a pound.

This report by The Canadian Press was first published Jan. 14, 2021.

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