Base metal stocks help lift S&P/TSX composite higher in late-morning trading

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TORONTO – Strength in base metal stocks helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 22.26 points at 25,612.59.

In New York, the Dow Jones industrial average was down 162.48 points at 44,619.52. The S&P 500 index was down 7.19 points at 6,039.96, while the Nasdaq composite was up 22.51 points at 19,426.46.

Bank towers are pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj

Bank towers are pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj

The Canadian dollar traded for 71.08 cents US compared with 71.14 cents US on Monday.

The January crude oil contract was up US$1.47 at US$69.57 per barrel and the January natural gas contract was down 15 cents at US$3.07 per mmBTU.

The February gold contract was up US$3.80 at US$2,662.30 an ounce and the March copper contract was up seven cents at US$4.20 a pound.

This report by The Canadian Press was first published Dec. 3, 2024.

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