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North American stock markets up at late-morning, loonie also higher

Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

TORONTO — Strength in the financial sector helped Canada’s main stock index move higher in late-morning trading, while U.S. stock markets also gained ground.

The S&P/TSX composite index was up 35.17 points at 16,199.78.

In New York, the Dow Jones industrial average was up 30.75 points at 25,521.22. The S&P 500 index was up 0.17 of a point at 2,822.41, while the Nasdaq composite was up 9.61 points at 7,637.89.

The Canadian dollar traded for 74.28 cents US compared with an average of 74.19 cents US on Thursday.

The July crude contract was down three cents at US$57.88 per barrel and the July natural gas contract was down 1.2 cents at US$2.58 per mmBTU.

The June gold contract was down US$2.60 at US$1,282.80 an ounce and the July copper contract was up 2.10 cents at US$2.70 a pound.


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


The Canadian Press