TORONTO – A big bounce in energy prices and strength in metals sent the Canadian dollar soaring to its highest level since last summer.
The loonie gained 0.85 of a U.S. cent to 78.99 cents US – the highest it has been since July 6, 2015.
READ MORE: Should Canadians be cheering for lower or higher oil prices?
The S&P/TSX composite index rose 147.46 points to 13,867.28.
In New York, the Dow Jones industrial average was up 49.44 points at 18,053.60, while the S&P 500 added 6.46 points to 2,100.80 and the Nasdaq composite shed 19.69 points to 4,940.33.
READ MORE: Why a rising loonie could mean a shrinking grocery bill
In commodities, the June contract for benchmark North American crude rose US$1.28 to US$42.47 a barrel while June natural gas shot up 14 cents to US$2.19 per mmBtu.
May copper rose six cents to US$2.22 a pound and June gold advanced US$19.30 to US$1,254.30 a troy ounce.
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