S&P/TSX composite closes higher in broad gains, U.S. stocks also up

Canada’s main stock index closed higher in broad gains as commodities rose, while U.S. stock markets also ended up a day before the release of key inflation data.

The S&P/TSX composite index ended up 126.19 points at 20,025.05.

In New York, the Dow Jones industrial average was up 268.91 points at 33,973.01. The S&P 500 index was up 50.36 points at 3,969.61, while the Nasdaq composite was up 189.04 points at 10,931.67.

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The Canadian dollar traded for 74.49 cents US compared with 74.51 cents US on Tuesday.

The February crude contract was up US$2.29 at US$77.41 per barrel and the February natural gas contract was up three cents at US$3.67 per mmBTU.

The February gold contract was up $2.40 at $1,878.90 an ounce and the March copper contract was up nine cents at US$4.17 a pound.