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S&P/TSX composite makes modest gains in late-morning trading, U.S. markets also up

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette. NSD

Canada’s main stock index ticked higher in late-morning trading Tuesday, while U.S. markets also rose.

The S&P/TSX composite index was up 45.78 points at 21,988.06.

In New York, the Dow Jones industrial average was up 94.82 points at 39,408.46. The S&P 500 index was up 14.77 points at 5,232.96, while the Nasdaq composite was up 61.91 points at 16,446.83.

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The Canadian dollar traded for 73.67 cents US compared with 73.62 cents US on Monday.

The May crude oil contract was down 10 cents at US$81.85 per barrel and the May natural gas contract was down half a penny at US$1.79 per mmBTU.

The June gold contract was up US$1.70 at US$2,199.90 an ounce and the May copper contract was down a penny at US$4.01 a pound.

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