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Financials help lift Toronto stocks higher, U.S. stock markets also climb

Financials help lift Toronto stocks higher, U.S. stock markets also climb
Business
TORONTO - A broad-based rally led by the financials sector helped lift Canada’s main stock index higher in late-morning trading while U.S. markets also climbed higher.

The S&P/TSX composite index was up 71.77 points at 16,159.32.

In New York, the Dow Jones industrial average was up 92.49 points at 25,802.43. The S&P 500 index was up 12.31 points at 2,820.79, while the Nasdaq composite was up 64.48 points at 7,695.39.

The Canadian dollar traded for 74.92 cents US compared with an average of 75.04 cents US on Thursday.

The April crude contract was down 25 cents at US$58.36 per barrel and the April natural gas contract was down 4.4 cents at US$2.811 per mmBTU.

The April gold contract was up US$7.50 at US$1,302.60 an ounce and the May copper contract was up 1.30 cents at US$2.9045 a pound.
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