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TSX rises, Canadian dollar strengthens ahead of Victoria Day weekend

TSX rises, Canadian dollar strengthens ahead of Victoria Day weekend
Business
Ahead of the Victoria Day holiday weekend, the Canadian dollar was trading at 73.81 cents US, up from Thursday’s average price of 73.47 cents US.  (EI Scan)  

Fri., May 19, 2017

The Toronto stock market was rallying in late morning trading today ahead of the Victoria Day holiday weekend.

The Toronto Stock Exchange’s S&P/TSX composite index was up 143.01 points to 15,420.21, about 90 minutes after the opening bell.

In New York, the Dow Jones industrial average gained 109.33 points to 20,772.35, the S&P 500 index added 16.98 points to 2,382.70 and the Nasdaq composite index was up 41.14 points to 6,096.27.

The Canadian dollar was trading at 73.81 cents US, up from Thursday’s average price of 73.47 cents US.

The July crude contract broke above the $50 mark (U.S.), up 93 cents at $50.59 per barrel, and the June natural gas contract was up seven cents at $3.26 per mmBTU.

The June gold contract was up 10 cents to $1,252.90 an ounce and the July copper contract was up four cents at $2.57 a pound.
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