Canada’s main stock index climbed to new heights on a big lift from Shopify Inc. and further easing of concerns about the novel coronavirus.

The S&P/TSX composite index was up 55.74 points to a record close of 17,832.85 as Shopify shares gained nearly eight per cent.

In New York, the Dow Jones industrial average was up 275.08 points at 29,551.42. The S&P 500 index was up 21.70 points at 3,379.45, while the Nasdaq composite was up 87.02 points at 9,725.96.

The Canadian dollar traded for US75.45¢ compared with an average of US75.23¢ on Tuesday.

The March crude contract was up US$1.23 at US$51.17 per barrel and the March natural gas contract was up US5.6¢ at US$1.84 per mmBTU.

The April gold contract was up US$1.50 at US$1,571.60 an ounce and the March copper contract was up US1.7¢ at US$2.60 a pound.