Base metals and energy stocks help lift S&P/TSX composite, U.S. stocks also higher

Strength in the base metals and energy sectors helped the main Canadian stock index rise in late-night trading, while the US stock market also rose.

The S&P/TSX Composite Index rose 67.58 points to 20,286.77.

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S&P/TSX remains stable despite US market turmoil over potential rate hike

In New York, the Dow Jones Industrial Average rose 88.72 points to 32,905.64. The S&P 500 Index rose 21.24 points to 3,991.28 and the Nasdaq Composite Index rose 89.81 points to 11,484.75.

The Canadian dollar traded at 73.69 cents compared to 73.41 cents on Friday.

April crude oil contracts fell 77 cents to USD 75.55 per barrel, while April natural gas contracts rose 11 cents to USD 2.66 per mmBTU.

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April gold contracts rose $4.60 to $1,821.70 an ounce and May copper contracts rose 3 cents to $3.99 an ounce.

© 2023 Global News, a division of Corus Entertainment Inc.

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