03/03/2016 11:48 EST | Updated 03/04/2017 00:12 EST

Toronto stock market has solid gain as American indexes fall; loonie up

TORONTO — The Toronto Stock exchange was holding on to a solid gain this morning even as U.S. markets fell.

The S&P/TSX index was up 105.37 points or 0.8 per cent at 13,123.30 after nearly two hours of trading.

In New York, the Dow Jones industrial average was down 71.1 points at 16,828.20, while the broader S&P 500 declined 7.66 points to 1,978.79 and the Nasdaq lost 22.85 points to 4,680.57.

The Canadian dollar was trading at 74.67 cents US, up 0.19 of a U.S. cent from Wednesday's close.

In commodities, the April contract for benchmark U.S. crude oil was up 25 cents at US$$34.19 a barrel, while April natural gas was down 1.4 cents at US$1.79 per mmBtu.

April gold rose $14.70 to US$1,256.50 an ounce and May copper added two cents to US$2.20 a pound.


The Canadian Press