S&P/TSX composite up 250 points in late-morning trading; U.S. stock markets also up

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Canada’s main stock index was up 250 points with the energy, technology and base metal sectors moving higher, while U.S. stock markets also gained.

TORONTO — Canada’s main stock index was up 250 points in late-morning trading with the energy, technology and base metal sectors moving higher, while U.S. stock markets also gained.

In New York, the Dow Jones industrial average was up 18.55 points at 52,250.44. The S&P 500 index was up 85.66 points at 7,606.59, while the Nasdaq composite was up 456.34 points at 25,522.22.

The Canadian dollar traded for 70.24 cents US compared with 70.52 cents US on Tuesday.

The December crude oil contract was up US$1.94 at US$87.98 per barrel.

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