Materials sector helps lift stocks in Toronto, loonie edges up against U.S.

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TORONTO — The materials sector helped Canada’s main stock index march higher into record territory in late-morning trading.

The S&P/TSX composite index was up 39.42 points at 17,598.44

U.S. stock markets are closed due to the Martin Luther King Jr. holiday.

The Canadian dollar traded for 76.58 cents US compared with an average of 76.56 cents US on Friday.

The March crude contract was up six cents at US$58.64 per barrel and the February natural gas contract was down 9.1 cents at US$1.91 per mmBTU.

The February gold contract was up 60 cents at US$1,560.90 an ounce and the March copper contract was down 0.3 of a cent at US$2.84 a pound.

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