Canada’s main stock index moved higher on election day with an appreciation in the loonie to a new three-month high.

The S&P/TSX composite index closed up 41.33 points at 16,418.45.

In New York, the Dow Jones industrial average was up 57.44 points at 26,827.64. The S&P 500 index was up 20.52 points at 3,006.72, while the Nasdaq composite was up 73.44 points at 8,162.99.

The Canadian dollar traded for an average of US76.36¢ compared with an average of US76.15¢ on Friday.

The December crude contract was down US36¢ at US$53.51 per barrel and the November natural gas contract was down US8.2¢ at US$2.24 per mmBTU.

The December gold contract was down US$6.00 at US$1,488.10 an ounce and the December copper contract was up US1.05¢ at US$2.65 a pound.