North American stock markets up in early trading to start the week, loonie up

TORONTO — North American stock markets were up in early trading to start the week as Canada's main stock index was boosted by gains in the materials sector, which includes the big names in mining.

The S&P/TSX composite index was up 57.96 points at 15,771.78.

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In New York, the Dow Jones industrial average was up 213.63 points at 26,288.93. The S&P 500 index was up 25.21 points at 3,210.25, while the Nasdaq composite was up 150.78 points at 10,768.22.

The Canadian dollar traded for 73.86 cents US compared with 73.56 cents US on Friday.

The August crude contract was down 12 cents at US$40.43 per barrel and the August natural gas contract was down nearly a penny at US$1.80 per mmBTU.

The August gold contract was up US$15.60 at US$1,817.50 an ounce and the September copper contract was up six cents at US$2.96 a pound.

This report by The Canadian Press was first published July 13, 2020.

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

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