TSX sees triple digit rally

A broad-based rally helped Canada's main stock index post a triple-digit advance at late morning, while U.S. stock markets also pushed higher.

The Toronto Stock Exchange's S&P/TSX composite index was up 113.54 points to 16,530.86, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 167.14 points to 24,867.59. The S&P 500 index was up 15.31 points to 2,789.33 and the Nasdaq composite index was up 59.91 points to 7,776.52.

The Canadian dollar was trading at 75.94 cents US, down from an average value of 76.04 cents US on Wednesday.

The August crude contract was down 66 cents to US$69.72 per barrel and the August natural gas contract was down three cents to US$2.80 per mmBTU.

The August gold contract was up $2.60 to US$1,247.00 an ounce and the September copper contract was up three cents to US$2.77 a pound.

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