Canada's main stock index was up in late morning trading amid broad-based gains led by the battery metals and industrial sectors, while U.S. stock markets also climbed.

The S&P/TSX Composite Index was up 83.96 points, or 0.41 per cent, at 20,425.4.

In New York, the Dow Jones Industrial Average was up 127.23 points at 33,171.79. The S&P 500 Index was up 30.57 points at 3,929.42, while the Nasdaq Composite was up 138.67 points at 10,990.94.

The Canadian dollar traded for 74.56 cents U.S. compared with 74.23 cents U.S. on Thursday.

The March crude oil contract was up 11 cents at US$80.72 per barrel and the February natural gas contract was up eight cents at US$3.36 per mmBTU.

The February gold contract was up US$3.70 at US$1,927.60 an ounce and the March copper contract was up three cents at US$4.26 a pound.