TORONTO — Canada's main stock index rose 200 points Wednesday amid a broad-based rally led by technology, financials and base metals, while U.S. stock markets also surged higher after the latest report on inflation and strong earnings from major banks.
The S&P/TSX composite index closed up 200.72 points at 24,789.30.
In New York, the Dow Jones industrial average was up 703.27 points at 43,221.55. The S&P 500 index was up 107 points at 5,949.91, while the Nasdaq composite was up 466.84 points at 19,511.23.
The Canadian dollar traded for 69.76 cents US compared with 69.58 cents on Tuesday.
The March crude oil contract was up US$2.34 at US$78.71 per barrel and the February natural gas contract was up 11 cents at US$4.08 per mmBTU.
The February gold contract was up US$35.50 at US$2,717.80 an ounce and the March copper contract was up five cents at US$4.39 a pound.
This report by The Canadian Press was first published Jan. 15, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
