U.S. markets surge higher, TSX gains; loonie gains ground against U.S. dollar

By CanadianInvestor / October 16, 2018 / www.canadianinvestor.com / Article Link

TORONTO - Canada's main stock index pushed higher in late-morning trading, helped by a broad-based rally led by the key energy sector, while U.S. stock markets surged higher.

The S&P/TSX composite index was up 94.71 points at 15,504.18.

In New York, the Dow Jones industrial average was up 317.67 points at 25,568.22. The S&P 500 index was up 33.30 points at 2,784.09, while the Nasdaq composite was up 103.98 points at 7,534.72.

The Canadian dollar traded for 77.30 cents US compared with an average of 76.96 US on Monday.

The November crude contract was down 23 cents at US$71.55 per barrel and the November natural gas contract was down 1.1 cents at US$3.23 per mmBTU.

The December gold contract was up US$2.80 at US$1,233.10 an ounce and the December copper contract was down 1.25 cents at US$2.78 a pound.

The Canadian Press

Recent News

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok