Energy sector helps lift Toronto stock markets, U.S. markets also higher

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TORONTO — Strength in energy stocks helped lift Canada’s main stock index in late-morning trading, while the price of oil ticked higher.

The S&P/TSX composite index was up 62.75 points at 16,418.29.

In New York, the Dow Jones industrial average was up 23.13 points at 26,087.15. The S&P 500 index was up 10.51 points at 2,908.03, while the Nasdaq composite was up 54.30 points at 8,084.34.

The Canadian dollar traded down at 77.22 cents US compared with an average of 77.42 cents US on Tuesday.

The October crude contract was up 43 cents at US$68.96 per barrel and the October natural gas contract was down 0.4 cents at US$2.84 per mmBTU.

The December gold contract was down US$3.80 at US$1,210.60 an ounce and the December copper contract was down 2.95 cents at US$2.73 a pound.

The Canadian Press