04/08/2015 10:02 EDT | Updated 06/08/2015 01:12 EDT

Canadian dollar up more than half a cent, Toronto stock market shows early gain

TORONTO - The Canadian dollar was up more than half a U.S. cent as the Toronto stock market opened slightly higher Wednesday. The S&P/TSX composite index was up 48.23 points at 15,237.07 in early trading, following an 88-point gain on Tuesday.The Canadian dollar was up 0.56 of a U.S. cent at 80.53 cents US.Foreign exchange experts say the U.S. dollar has weakened recently after a long advance against other currencies.The Dow Jones industrial average was up 97.69 points at 17,973.11 and Nasdaq rose 34.34 points to 4,944.57. The S&P 500 index advanced 9.2 points to 2,085.53.On the commodity markets, the May crude contract was down $1.33 at US$52.65 a barrel and the June gold contract was down $2.30 at US$1,208.30 an ounce after North American stock markets opened.