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Technology sector helps S&P/TSX composite edge higher, U.S. stock markets also rise

A currency trader walks by the screens showing the Korea Composite Stock Price Index, left, and the foreign exchange rate between the U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, July 8, 2022. (AP Photo/Lee Jin-man) A currency trader walks by the screens showing the Korea Composite Stock Price Index, left, and the foreign exchange rate between the U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, July 8, 2022. (AP Photo/Lee Jin-man)
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TORONTO -

Strength in the technology sector helped Canada's main stock index edge higher in late-morning trading, while U.S. stock markets also climbed higher.

The S&P/TSX composite index up 15.19 points at 19,078.36.

In New York, the Dow Jones industrial average was up 78.35 points at 31,462.90. The S&P 500 index was up 9.75 points at 3,912.37, while the Nasdaq composite was up 49.88 points at 11,671.23.

The Canadian dollar traded for 77.28 cents US compared with 77.01 cents US on Thursday.

The August crude contract was up 64 cents at US$103.37 per barrel and the August natural gas contract was down 21 cents at US$6.09 per mmBTU.

The August gold contract was up US$6.30 at US$1,746.00 an ounce and the September copper contract was down four cents at US$3.53 a pound.

This report by The Canadian Press was first published July 8, 2022.

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