May 20, 2016 - 7:40 AM EDT
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Stock markets post hefty gains, loonie slips ahead of long weekend

TORONTO — North American stock markets are showing hefty gains in late morning trading.

The Toronto Stock Exchange's S&P/TSX composite index was up 111.41 points or 0.8 per cent at 13,928.73 as traders prepare for a long holiday weekend.

The Dow Jones industrial average was up 106.87 points at 17,542.27, the broader S&P 500 composite index advanced 14.64 points to 2,054.68 and the Nasdaq composite rose 58.19 points to 4,770.73.

The American markets will be open Monday as the TSX is closed for Victoria Day.

The Canadian dollar was at 76.18 cents US, down 0.13 of a cent from the Thursday close at 76.31 cents US.

The June crude contract was down 18 cents at US$48.49 per barrel and June natural gas was up 1.8 cents at US$2.06 per mmBtu.

The June gold contract fell 90 cents to US$1,253.90 an ounce and July copper contracts were little-changed at US$2.06 pound.

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Source: Equities.com News (May 20, 2016 - 7:40 AM EDT)

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