Downtown office buildings Toronto

North American markets got a lift to start the week on positive signs that the trade war between the U.S. and China isn’t rapidly devolving.

The S&P/TSX composite index was up 154.26 points at 16,304.05.

In New York, the Dow Jones industrial average was up 249.78 points at 26,135.79. The S&P 500 index was up 34.97 points at 2,923.65, while the Nasdaq composite was up 106.82 points at 8,002.81.

The Canadian dollar traded for an average of US75.20¢ compared with an average of US75.27¢ on Friday.

The October crude contract was up US$1.33 at US$56.14 per barrel and the September natural gas contract was up one cent at US$2.21 per mmBTU.

The December gold contract was down US$12 at US$1,511.60 an ounce and the September copper contract was up US0.65¢ at US$2.60 a pound.