North American stock markets and Canadian dollar continue resurgence
Posted Jun 29, 2016 11:29:30 AM.
Last Updated Jun 29, 2016 12:54:46 PM.
This article is more than 5 years old.
TORONTO – Stock markets are continuing to recover some of the deep losses experienced shortly after last week’s Brexit vote.
The Toronto Stock Exchange’s S&P/TSX composite index was up 192.77 points in late morning trading at 14,035.46.
The major U.S. market indexes were showing similar gains.
The Dow Jones industrial average was up 198.23 points at 17,607.95, the broader S&P 500 composite index advanced 25.67 points to 2,061.76 and the Nasdaq composite gained 63.97 points to 4,755.84.
The Canadian dollar was at 76.93 cents US, up 0.21 of a cent from Tuesday’s close.
The loonie was among a host of currencies that plunged after U.K. voters unexpectedly chose to exit the European Union.
The August crude contract was up $1.20 at US$49.05 per barrel and August natural gas was flat at US$2.89 per mmBTU.
The August gold contract rose $8 to US$1,325.90 an ounce and September copper contracts rose one cent to nearly $2.19 a pound.
