North American stock markets rise on signals about trade deal with China

U.S. exchanges hit intraday highs

North American stock markets were up with U.S. exchanges setting record intraday highs on signals about an impending trade deal between the world’s two largest economies.

The S&P/TSX composite index was up 7.29 points at 16,946.90.

In New York, the Dow Jones industrial average was up 220.75 points at 28,132.05. The S&P 500 index was up 26.94 points at 3,168.57, while the Nasdaq composite was up 63.27 points at 8,717.32.

The Canadian dollar traded for US75.86¢ compared with an average of US75.75¢ on Wednesday.

The January crude contract was up US42¢ at US$59.18 per barrel and the January natural gas contract was up US8.5¢ at US$2.33 per mmBTU.

The February gold contract was down US$2.70 at US$1,472.30 an ounce and the March copper contract was up 0.7 of a cent at US$2.80 a pound.