Canadian and US Stock Markets Soar as Base Metal Stocks Thrive


Canada’s primary stock index experienced a substantial hike in the late morning trading, largely owing to the robust performance of base metal stocks. Parallelly, U.S. stock markets too commenced the trading week on an upbeat note.

Amid vibrant trading activities, the S&P/TSX composite index rocketed up by 97.69 points, coming to rest at 20,172.34.

Trading on Wall street matched pace, revealing a bright canvas across various indices. The Dow Jones industrial average reported an ascent of 32.04 points, settling at 34,608.63. Meanwhile, the S&P 500 index saw a rise of 13.86 points, reaching 4,471.35. The Nasdaq composite too recorded an upward trend, with an impressive gain of 84.96 points and a final value of 13,846.49.

Currency trading also unfolded favourably for Canada with the Canadian dollar fetching 73.54 cents US, a slight increase from its previous close of 73.36 cents US on Friday.

However, the energy sector depicted a different trajectory. The October crude contract witnessed a dip of 10 cents, bringing it down to US$87.41 per barrel. Likewise, the October natural gas contract, although minimally, decreased to US$2.60 per mmBTU.

In contrast, the commodities market showcased a positive momentum. The December gold contract added US$2.60, reaching US$1,945.30 an ounce. Remarkably, the December copper contract too showed an incline of nine cents, fetching US$3.81 a pound.

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Melinda Cochrane is a poet, teacher and fiction author. She is also the editor and publisher of The Inspired Heart, a collection of international writers. Melinda also runs a publishing company, Melinda Cochrane International books for aspiring writers, based out Montreal, Quebec. Her publication credits include: The art of poetic inquiry, (Backalong Books), a novella, Desperate Freedom, (Brian Wrixon Books Canada), and 2 collections of poetry; The Man Who Stole Father’s Boat, (Backalong Books), and She’s an Island Poet, Desperate Freedom was on the bestseller's list for one week, and The Man Who Stole Father’s Boat is one of hope and encouragement for all those living in the social welfare system. She’s been published in online magazines such as, (regular writer for) ‘Life as a Human’, and Shannon Grissom’s magazine.


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