Energy helps lift S&P/TSX composite higher as oil climbs, U.S. markets also rise

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TORONTO — Gains in the energy sector helped boost Canada’s main stock index in late-morning trading, while U.S. stock markets also climbed higher.

The S&P/TSX composite index was up 98.76 points at 20,437.78.

In New York, the Dow Jones industrial average was up 259.85 points at 35,379.93. The S&P 500 index was up 39.80 points at 4,481.47, while the Nasdaq composite was up 184.82 points at 14,899.48.

The Canadian dollar traded for 78.85 cents US compared with 77.78 cents US on Friday.

The October crude oil contract was up US$3.22 at US$65.36 per barrel and the September natural gas contract was up three cents at US$3.88 per mmBTU.

The December gold contract was up US$21.60 at US$1,805.60 an ounce and the September copper contract was up nine cents at US$4.23 a pound.

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

 

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