Toronto, New York stock indexes stage rally, Canadian dollar strengthens

The Canadian Press</span>
Published Friday, May 19, 2017 6:25AM EDT
Last Updated Friday, May 19, 2017 11:39AM EDT

TORONTO - 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 US$50 mark, up 93 cents at US$50.59 per barrel, and the June natural gas contract was up seven cents at US$3.26 per mmBTU.

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

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