By Ketki Saxena
Investing.com -- At 10:00 a.m in Toronto, the the S&P/TSX Composite Index was at 19,490.88 points, up 1.21% shortly after the opening bell.
The Canadian index tracked global equities higher on news of easing Covid-19 restrictions in China, the world’s second-largest economy. The commodity-heavy Canadian index was also supported by gains in crude, following a new round of restrictions announced at a meeting of leaders of the Group of Seven (G7) yesterday, capping prices on the sale and purchase of Russian oil.
Supply remains further constrained as major producers Saudi Arabia and the United Arab Emirates appear to be unlikely to significantly boost output.
Metals, meanwhile, were buoyed by a strong rebound in industrial metals, including copper as the key industrial metal and a bell-weather of economic sentiment eased from last week’s 16-month low.
Here’s a snapshot of markets at the open:
Indices:
- S&P/TSX 60 +1.21%
- S&P/TSX Venture: +0.74%
- S&P 500: +1.02%
- Dow Jones: +1.13%
- Nasdaq: +1.13%
- CBOE Volatility Index: -1.08%
Commodity Futures:
- Crude: +0.79% at 110.44
- Brent: +1.17% at 112.28
- Gold: -0.25% at 1,820.15
- Silver: -0.54% at 21.073
- Copper: +0.90% at 3.7998
Bonds and Currencies:
- Canada 5 year: +0.050 points at 3.305%
- Canada 10 year: +0.058 points at 3.439%
- US Dollar Index Futures: +0.42% at 104.38
- USD CAD: -0.27% at 1.2843
Cryptocurrency: