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S&P/TSX composite up in late-morning trading, U.S. stock markets mixed

Click to play video: 'What Canadians need to know about the U.K. and Japan slipping into recession'
What Canadians need to know about the U.K. and Japan slipping into recession
WATCH ABOVE: What Canadians need to know about the U.K. and Japan slipping into recession

Strength in the base metals sector helped Canada’s main stock index move higher in late-morning trading, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 68.94 points at 21,291.63.

In New York, the Dow Jones industrial average was down 38.19 points at 38,734.93. The S&P 500 index was up 0.33 of a point at 5,030.06, while the Nasdaq composite was down 27.64 points at 15,878.53.

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The Canadian dollar traded for 74.21 cents US compared with 74.11 cents US on Thursday.

The April crude contract was down eight cents at US$77.51 per barrel and the March natural gas contract was up three cents at US$1.61 per mmBTU.

The April gold contract was up US$5.80 at US$2,020.70 an ounce and the March copper contract was up seven cents at US$3.83 a pound.

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