Toronto and U.S. stocks head higher; loonie trades down against U.S. dollar

TORONTO -- The financial, materials and industrial sectors helped boost Canada's main stock index higher in late morning trading, regaining some of its losses from last week.

The S&P/TSX composite index was up 77.05 points at 14,965.31.

In New York, the Dow Jones industrial average was up 273.30 points at 24,961.61. The S&P 500 index was up 37.80 points at 2,696.49, while the Nasdaq composite was up 86.30 points at 7,253.52.

The Canadian dollar traded down at 76.22 cents US compared with an average of 76.29 cents US on Friday.

The December crude contract was down 66 cents at US$66.93 per barrel and the December natural gas contract was down 6.7 cents at US$3.16 per mmBTU.

The December gold contract was down US$2.70 at US$1,233.10 an ounce and the December copper contract was up 1.55 cents at US$2.76 a pound.

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