(The Canadian Press)

North American stock markets open higher after strong showing Tuesday, loonie up

The Canadian dollar traded for 69.88 cents US compared with an average of 69.01 cents US on Tuesday

Canada’s main stock index posted a triple-digit advance at the start of trading, adding to gains Tuesday that saw it advance more than 1,000 points or nearly 12 per cent.

The S&P/TSX composite index was up 206.47 points at 12,777.55.

In New York, the Dow Jones industrial average was up 668.77 points at 21,373.68. The S&P 500 index was up 48.66 points at 2,495.99, while the Nasdaq composite was up 125.63 points at 7,543.49.

The Canadian dollar traded for 69.88 cents US compared with an average of 69.01 cents US on Tuesday.

The May crude contract was down 56 cents at US$23.45 per barrel and the May natural gas contract was up 0.7 of a cent at US$1.74 mmBTU.

The April gold contract was down US$16.80 at US$1,644.00 an ounce and the May copper contract was up 0.15 of a cent at US$2.18 a pound.

READ MORE: It could take 3 years for stock market to recover, says B.C. economist

The Canadian Press


Like us on Facebook and follow us on Twitter.

Coronaviruseconomy

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

UPDATED: Interior Health to add 495 long-term seniors care beds

Nelson, Kelowna, Kamloops, Vernon and Penticton to receive new facilities

Provincial COVID-19 data can now be used for B.C. to prepare for a second wave

In the past week, B.C. has seen a slight spike in daily test-positive case counts

VIA Rail lays off 1,000 unionized workers across the country

Northern B.C. route Jasper to Prince George to Prince Rupert is not affected by VIA Rail layoffs

Sunflower Highway, art initiative to connect Fraser Valley, Thompson-Nicola and Okanagan

Sunflowers made out of reclaimed materials will be installed on public art trails

Residents warned to stay away from flooded Cache Creek park

Water might look shallow, but is several feet deep in places

B.C. records 62 new COVID-19 cases, two deaths since Friday

Province has just over 200 active cases

Hotel rooms for B.C. homeless too hasty, NDP government told

Businesses forced out, but crime goes down, minister says

Wage subsidy will be extended until December amid post-COVID reopening: Trudeau

Trudeau said the extension will ‘give greater certainty and support to businesses’

B.C. government prepares for COVID-19 economic recovery efforts

New measures after July consultation, Carole James says

Tree planters get help with COVID-19 protective measures

Ottawa funds extra transportation, sanitizing for crews

Trudeau apologizes for not recusing himself from WE decision

He says his and his family’s longtime involvement with the WE organization should have kept him out of the discussions

Beverly Hills 90210 star’s family selling Vancouver Island Beach Resort

You can own Jason Priestley’s Terrace Beach Resort in Ucluelet for less than $5 million

Islanders want BC Ferries to follow order that lets residents board before tourists

For ferry-dependent communities, ferries are often the sole practical lifeline to work, school or medical appointments.

Most Read