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North American stock markets up in early trading, loonie climbs higher

Markets up in early trading

Gains the energy, technology and metals and mining sectors helped lift Canada's main stock index in early trading, while U.S. stock markets rose ahead of the inauguration of Democrat Joe Biden as president of the United States.

The S&P/TSX composite index was up 37.07 points at 17,994.44.

In New York, the Dow Jones industrial average was up 128.12 points at 31,058.64. The S&P 500 index was up 27.66 points at 3,826.57, while the Nasdaq composite was up 164.98 points at 13,362.16.

The Canadian dollar traded for 78.80 cents US compared with 78.52 cents US on Tuesday.

The March crude oil contract was up 71 cents at US$53.69 per barrel and the February natural gas contract was down seven cents at US$2.48 per mmBTU.

The February gold contract was up US$19.00 at US$1,859.20 an ounce and the March copper contract was little changed at US$3.63 a pound.



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