Loonie slips against U.S. dollar

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North American stock markets gained ground in late-morning as the loonie slipped against the U.S. dollar.

The S&P/TSX composite index was up 46.04 points to 15,086.34, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 51.67 points to 22,109.04. The S&P 500 index was up 3.83 points to 2,491.94 and the Nasdaq composite index was up 4.05 points to 6,436.32.

The Canadian dollar was trading at 82.35 cents US, down from an average price of 82.45 cents US on Monday.

The October crude contract was up 12 cents to US$48.19 per barrel and the October natural gas contract was up nine cents to US$3.04 per mmBTU.

The December gold contract was down $4.20 at US$1,331.50 an ounce and the December copper contract was down four cents to US$3.03 a pound.

Transcontinental Media G.P.