Energy sector helps lift Toronto market, price of oil climbs higher


TORONTO — The energy sector helped lift Canada’s main stock index higher as the price of oil climbed higher in late-morning trading.

The S&P/TSX composite index was up 52.96 points at 16,193.31.

In New York, the Dow Jones industrial average was up 15.33 points at 25,864.20. The S&P 500 index was up 9.02 points at 2,831.50, while the Nasdaq composite was up 33.08 points at 7,721.61.

The Canadian dollar traded for 74.99 cents US compared with an average of 74.95 cents US on Friday.

The May crude contract was up 71 cents at US$59.53 per barrel and the April natural gas contract was up 4.1 cents at US$2.84 per mmBTU.

The April gold contract was up US$2.70 at US$1,305.60 an ounce and the May copper contract was up 0.95 of a cent at US$2.92 a pound.


Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)


Please enter your comment!
Please enter your name here