TORONTO — Resource stocks are leading the charge today as the Toronto Stock Exchange surged more than 100 points in late morning trading.
The S&P/TSX composite index was up 119.48 points at 14,803.39 after 90 minutes of trading.
It was a broad-based advance led by mining and energy stocks.
The Dow Jones industrial average was up 101.90 points at 18,521.20, the broader S&P 500 composite index advanced 11.50 points to 2,182.36 and the Nasdaq composite gained 30.41 points to 5,257.62.
The Canadian dollar was at 76.75 cents US, up 0.33 of a cent from Thursday's close.
That came after Statistics Canada released what some saw as an encouraging sign — a narrowing trade deficit of $2.5 billion for July.
The October crude contract was up $1.14 at US$44.30 per barrel and October natural gas was up two cents at US$2.82.
The December gold contract rose $4.50 to US$1,321.60 an ounce and December copper contracts rose about half a cent to US$2.08 a pound.