Canada’s main stock index surged more than 800 points on Wednesday, mirroring strong gains in U.S. markets following the midterm elections. The S&P/TSX composite index climbed 809.12 points to close at 36,341.40, while U.S. markets also posted significant gains after Democrats secured control of Congress.
In New York, the Dow Jones industrial average jumped 1,569.40 points to 53,356.12. The S&P 500 index rose 119.70 points to 7,688.62, and the Nasdaq composite gained 364.50 points to 25,736.51. The Canadian dollar strengthened slightly, trading at 71.63 cents US, up from 71.46 cents US the previous day.
Commodities saw mixed movements, with the December crude oil contract falling US$7.97 to US$88.12 per barrel. Meanwhile, the December gold contract surged US$132.60 to US$4,073.00 an ounce.