S&P/TSX Composite Index Rises Alongside U.S. Markets

TORONTO — The Canadian stock market saw broad-based gains on Friday morning, lifting the S&P/TSX composite index. In late-morning trading, the index increased by 122.10 points to reach 25,020.13.

Meanwhile, U.S. stock markets also experienced positive movement. The Dow Jones industrial average climbed 171.70 points, reaching 42,563.97. The S&P 500 index saw a rise of 39.27 points, bringing it to 5,907.82, while the Nasdaq composite increased by 172.69 points to hit 19,453.49.

The Canadian dollar was trading at 69.28 cents against the U.S. dollar, a slight decrease from 69.36 cents the day before.

In terms of commodities, the price for February crude oil rose by 65 cents, landing at US$73.78 per barrel. However, the natural gas contract for February fell by 28 cents, settling at US$3.38 per mmBTU.

On the precious metals front, the February gold contract decreased by US$10.70, trading at US$2,658.30 per ounce. In contrast, the March copper contract saw a minor increase of four cents, reaching US$4.06 per pound.

This report highlights the current state of Canadian and U.S. stocks as they continue to show positive trends in the marketplace.

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