Canada's main stock index surged nearly 500 points in early trading following the U.S. midterm elections, where Democrats secured control of both houses of Congress. The S&P/TSX composite index climbed 480.11 points to reach 36,012.39. The rally extended to U.S. markets, with the Dow Jones industrial average jumping 1,173.36 points to 52,960.08, the S&P 500 index rising 102.23 points to 7,671.15, and the Nasdaq composite gaining 310.72 points to 25,682.73.
The Canadian dollar strengthened slightly, trading at 71.68 cents US, up from 71.46 cents US the previous day. Meanwhile, the December crude oil contract fell US$3.11 to US$92.98 per barrel, while the December gold contract soared US$107.40 to US$4,047.80 an ounce.