Energy sector helps lift Toronto stocks as price of oil heads higher

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TORONTO — Canada’s main stock index headed higher in late-morning trading, helped by gains in the energy sector as the price of oil moved up.

The S&P/TSX composite index was up 33.92 points at 15,009.45.

In New York, the Dow Jones industrial average was up 85.25 points at 23,995.09. The S&P 500 index was up 18.59 points at 2,601.20, while the Nasdaq composite was up 80.72 points at 6,986.64.

The Canadian dollar traded for 75.49 cents US compared with an average of 75.36 cents US on Monday.

The February crude contract was US$1.42 at US$51.93 per barrel and the February natural gas contract was down 12.3 cents at US$3.47 per mmBTU.

The February gold contract was down 40 cents at US$1,290.90 an ounce and the March copper contract was up 1.65 cents at US$2.65 a pound.

 

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

 

The Canadian Press