North American stock markets rise higher, loonie against US dollar

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TORONTO – A general rally helped boost Canada’s leading equity index late in the morning, while US equity markets also rose. The S & P / TSX composite index rose 130.88 points to 16,039.33.

In New York, the Dow Jones industrial average rose 207.56 points to 26,850.15. The S&P 500 index rose 23.21 points to 3,220.73, while the Nasdaq composite rose 25.99 points to 10,514.57.

The Canadian dollar traded at 73.92 cents US compared to 73.44 cents US Tuesday after the Bank of Canada announced that it would keep its key rate unchanged.

The August crude oil contract increased 53 cents to US $ 40.82 per barrel and the August natural gas contract fell less than a penny to US $ 1.74 per mmBTU.

The August gold contract fell US $ 2.80 to US $ 1,810.60 an ounce and the September copper contract fell almost five cents to US $ 2.89 a pound.

This Canadian Press report was first published on July 15, 2020

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