(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

BC Hydro opens applications for COVID-19 Relief Fund to residential customers

Small business owners will be able to apply to the fund next week.

Northern B.C. charity rolling out COVID-19 relief funds soon

United Way of Northern BC say funding requests are outweighing the amount of donations received.

UPDATE: First presumptive case of COVID-19 in Prince Rupert

Doctor says it was a visitor, Northern Health won’t confirm

Northwest mines lengthen crew rotations in response to COVID-19

Northern Health confident precautions sufficient enough to keep work camps open

COVID-19 death toll reaches 50 in B.C., while daily case count steadies

B.C. records 34 new cases in the province, bringing total active confirmed cases to 462

B.C. unveils $5M for mental health supports during the COVID-19 pandemic

Will include virtual clinics and resources for British Columbians, including front-line workers

B.C.’s COVID-19 rent supplement starts taking applications

$300 to $500 to landlords for April, May and June if eligible

Reality TV show about bodybuilders still filming in Okanagan, amid COVID-19

Five bodybuilders from across the country flew to Kelowna to move into a house for a reality TV show

B.C.’s top doctor details prescription for safe long weekend

Yes, it includes hosting an online cooking show

BC SPCA seeks help for abandoned German shepherd puppies

Donations have ‘petered out’ as doors are closed due to COVID-19

Smithers relocates downtown homeless population

Bylaw officer Matt Davey says the move was made with buy-in from the affected people

UNBC opts for virtual convocation in June, commits to face-to-face after COVID-19

Interim president Geoff Payne said feedback prompted him to commit to traditional one when possible

Most Read