S&P/TSX composite up nearly 500 points, U.S. stock markets also rally

Screens display financial information on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)

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TORONTO - Strength in the base metal and technology sectors helped Canada's main stock index gain nearly 500 points in late-morning trading, while U.S. markets also pushed higher and oil continued to trade for more than US$100 per barrel.

The S&P/TSX composite index was up 494.39 points at 32,429.33.

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