S&P/TSX composite up more than 200 points in late-morning trading, U.S. stocks rise

TORONTO – Canada’s main stock index gained more than 200 points in late-morning trading, led by strength in base metals, technology and utilities, while U.S. stock markets also rose. 

The S&P/TSX composite index was up 209.26 points at 25,055.46.

In New York, the Dow Jones industrial average was up 444.81 points at 43,597.94. The S&P 500 index was up 66.58 points at 6,003.92, while the Nasdaq composite was up 295.97 points at 19,634.26.

The Canadian dollar traded for 69.40 cents US compared with 69.50 cents US on Thursday.

The March crude oil contract was down 60 cents at US$77.25 per barrel and the February natural gas contract was down two cents at US$3.53 per mmBTU.

The February gold contract was up US$3.50 at US$2,754.40 an ounce and the March copper contract was down a penny at US$4.36 a pound.

This report by The Canadian Press was first published Jan. 17, 2025. 

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

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