By The Canadian Press

North American stocks open trading day higher, loonie takes flight

Mar 26, 2020 | 7:58 AM

TORONTO – Canada’s main stock index opened higher with help from a broad-based rally this morning, while the loonie also took flight.

The S&P/TSX composite index was up 243.49 points at 13,382.72.

In New York, the Dow Jones industrial average was up 494.41 points at 21,694.96. The S&P 500 index was up 57.07 points at 2,532.63, while the Nasdaq composite was up 151.18 points at 7,535.48.

The Canadian dollar traded for 70.97 cents US, compared with an average of 69.92 cents US on Wednesday.

The May crude contract was down 79 cents at $23.70 US per barrel and the May natural gas contract was down 0.8 of a cent at US$1.71 mmBTU.

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The April gold contract was up $32.90 US at $1,666.30 US an ounce and the May copper contract was down 1.90 cents at $2.19 US a pound.