Markets: S&P/TSX Composite up more than 100 points

Toronto –

Strength in the technology, energy and base metals sectors helped Canada’s main stock index rise more than 100 points in early trade, while U.S. stocks were also higher after a report showed U.S. inflation slowed in November.

The S&P/TSX composite index rose 128.46 points to 20,148.16.

In New York, the Dow Jones Industrial Average rose 270.49 points to 34,275.53. The S&P 500 gained 63.04 points to 4,053.60 and the Nasdaq Composite gained 264.91 points to 11,408.65.

The Canadian dollar traded at 73.81 cents US, compared with 73.22 cents US on Monday.

The January crude contract rose $1.91 to $75.08 a barrel and the January natural gas contract rose 42 cents to $7.00 a cubic meter British thermal unit.

The February gold contract was up $30.70 at $1,823.00 an ounce and the March copper contract was up 10 cents at $3.90 a pound.

This Canadian Press report was first published on December 13, 2022

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