Energy stocks help Toronto market edge higher while U.S. stocks sink

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TORONTO — Canada’s main stock index edged higher, helped by a rise in the energy sector amid higher oil prices, while U.S. stock markets sank into the red.

The S&P/TSX composite index was up 0.59 of a point at 15,171.84.

In New York, the Dow Jones industrial average was down 142.27 points at 25,224.16. The S&P 500 index was down 17.83 points at 2,725.96, while the Nasdaq composite was down 57.51 points at 7,234.08.

The Canadian dollar traded higher at 75.29 cents US compared with an average of 75.18 cents US on Wednesday.

The January crude contract was up US$1.08 at US$51.37 per barrel and the January natural gas contract was down 15.7 cents 4.54 per mmBTU.

The February gold contract was up US$3.40 at US$1,233.20 an ounce and the March copper contract was down 2.55 cents at US$2.79 a pound.

 

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press