Toronto stocks hit new intraday high in early trading, U.S. markets surge

The Canadian Press</span>
Published Monday, December 18, 2017 12:21AM EST
Last Updated Monday, December 18, 2017 11:31AM EST

TORONTO -- Canada's main stock index set a new intraday high in early trading as a triple-digit increase was boosted by a broad-based rally.

The S&P/TSX composite index was up 139.89 points to 16,181.87, after 90 minutes of trading. It had spiked as high as 16,196.37 earlier in the session.

In New York, the Dow Jones industrial average was up 164.03 points to 24,815.77. The S&P 500 index was up 15.66 points to 2,691.47 and the Nasdaq composite index was up 51.88 points to 6,988.46.

The Canadian dollar was trading at 77.77 cents US, down from an average price of 77.92 cents US on Friday.

The February crude contract was up 15 cents to US$57.48 per barrel and the January natural gas contract was up 16 cents to US$2.77 per mmBTU.

The February gold contract was up US$8.40 to US$1,265.90 an ounce and the March copper contract was unchanged at US$3.13 a pound.

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