North American stock markets surged to rebound from dramatic losses that started the week over the trade war between the U.S. and China.
The S&P/TSX composite index was up for a third straight day, up 139.31 points at 16,404.53. Some of the lift came from energy-related stocks including Suncor and Enbridge, along with e-commerce company Shopify Inc. and auto parts maker Magna.
In New York, the Dow Jones industrial average was up 371.46 points at 26,378.53. The S&P 500 index was ahead 54.13 points at 2,938.11, while the Nasdaq composite was up 176.33 or 2.24 per cent to 8,039.16.
The Canadian dollar traded at an average of US75.43¢, up compared with Wednesday’s average of US75.06¢ per share.
The September crude contract was up $1.45 at US$52.54 per barrel and the September natural gas contract was up US4.5¢ at US$2.13 per mmBTU.
The December gold contract was down $10.10 at US$1,509.50 an ounce and the September copper contract was up US3.65¢ at US$2.61 a pound.