TORONTO - North American stock markets headed higher in early trading in the wake of a decision by the Bank of England to hold off from cutting interest rates and the quick appointment of Theresa May as Britain's new prime minister.
The S&P/TSX composite index climbed 15.18 points to 14,508.98, while the Canadian dollar climbed 0.28 of a cent to 77.29 cents U.S.
The Dow Jones industrial average gained 117.92 points at 18,490.04, while the broader S&P 500 climbed 11.62 points to 2,164.05.
The Nasdaq composite increased 27.70 points at 5,033.43.
The August crude contract was up 52 cents at US$45.27 per barrel, while the August contract for natural gas was down 0.2 of a cent at US$2.735 per mmBtu.
The August gold contract fell US$22.90 to US$1,320.70.