North American stock markets higher as Fed begins two-day meeting
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North American stock markets were up in late morning trading as the U.S. Federal Reserve started a two-day meeting.
Investors don't expect the Fed to raise interest rates, but they will be keeping an eye on its plans for the rest of the year.
The S&P/TSX composite index was up 68.14 points at 14,564.37, while the loonie was up 0.02 of a cent at 75.74 cents US.
In New York, the Dow Jones industrial average was up 55.78 points at 18,175.95, while the broader S&P 500 index gained 6.10 points at 2,145.22.
The Nasdaq composite climbed 13.20 points at 5,248.23.
On the commodity markets, the November contract for crude oil gained a penny at US$43.87, while the October contract for natural gas climbed eight cents to US$3.014 per mmBtu.
The December gold contract gained 10 cents at US$1,317.90 per ounce.
- Editor:Albert | Source: The Canadian Press
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