Markets update at midmorning

On the markets at midmorning (ET):The Toronto Stock Exchange’s S&P/TSX composite index was up 42.77 points to 16,045.55, after 90 minutes of trading.In New York, the Dow Jones industrial average was up 20.93 points to 23,369.67. The S&P 500 index was up 2.75 points to 2,575.58 and the Nasdaq composite index was up 22.36 points to 6,721.32.The Canadian dollar was trading at 77.61 cents US, down from Monday’s average price of 77.90 cents US.The December crude contract was up down nine cents to US$54.06 per barrel and the December natural gas contract was down six cents to US$2.91 per mmBTU.The December gold contract was down $8.20 to US$1,269.50 an ounce and the December copper contract was down one cent to US$3.10 a pound.

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