The Toronto Stock Exchange Broadcast Centre is shown in Toronto on June 28, 2013. (Aaron Vincent Elkaim/The Canadian Press)

Energy sector helps boost stocks in Toronto, U.S. stock markets push higher

The S&P/TSX composite index was up 29.12 points at 15,671.22

Canada’s main stock index was up in late-morning trading, boosted by gains in the energy sector as the price of oil pushed higher.

The S&P/TSX composite index was up 29.12 points at 15,671.22.

In New York, the Dow Jones industrial average was up 162.36 points at 25,588.12. The S&P 500 index was up 13.59 points at 2,758.32, while the Nasdaq composite was up 25.25 points at 7,439.87.

The Canadian dollar traded for 75.58 cents US compared with an average of 75.48 cents US on Tuesday.

The March crude contract up US$1.07 at US$54.17 per barrel and the March natural gas contract was down 10 cents at US$2.59 per mmBTU.

The April gold contract was up US$4.40 at US$1,318.40 an ounce and the March copper contract was up 0.20 of a cent at US$2.77 a pound.

READ MORE: Apple warning of weak sales in China sends US stocks sinking

The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

Abbotsford couple bring son home from Nigeria after long adoption delay

Kim and Clark Moran spent almost a year waiting to finalize adoption of Ayo, 3

Abbotsford cartoonist Ernie Poignant, 100, to launch new book

Proceeds from book sales go to Heritage Abbotsford Society

Two new Central Park Village apartment buildings under consideration

New buildings would include 142 new housing units in third phase of project

Surprise demand from city leaves Abbotsford man frustrated

Council to decide whether local man will have to hand over land if he wants to subdivide property

Abbotsford to boost polling stations in 2022

Abbotsford to boost polling stations in 2022

VIDEO: Under the big top in Abbotsford

American Crown Circus and Circo Osorio performed July 11-14

Health Canada revokes licences of B.C.-based pot producer Agrima Botanicals

The agency said it notified the company of a suspension in November due to non-compliance with regulations

Deals, protests during Amazon Prime Day

The Seattle-based e-commerce behemoth says it is offering more than a million deals

VIDEO: Hiker airlifted from Bridal Veil Falls Provincial Park Sunday

Park east of Chilliwack popular with tourist and B.C. residents who walk up to the falls

Canadian national softball team wins second straight Canada Cup

Team Canada defeats Texas-based Scrapyard International in gold-medal game Sunday in Surrey

June sees drop in home sales, prices for real estate across B.C.: report

Sales dropped by 11.8%, while prices fell by 4%

Video captures driver narrowly avoiding hitting Granfondo cyclists in Okanagan

“I’m just glad that everything aligned enough and no one got hurt,” said Shaun Siebert

Most Read