Energy sector helps lift stocks in Toronto, U.S. stock markets surge higher

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TORONTO — Energy stocks helped lead Canada’s main stock index higher in late-morning trading, while stocks in the U.S. also pushed higher.

The S&P/TSX composite index was up 98.71 points at 16,094.92.

In New York, the Dow Jones industrial average was up 114.05 points at 25,564.29.

The S&P 500 index was up 30.17 points at 2,773.24, while the Nasdaq composite was up 114.15 points at 7,522.29.

The Canadian dollar traded for 74.59 cents US compared with an average of 74.50 cents US on Friday.

The April crude contract was up 47 cents at US$56.54 per barrel and the April natural gas contract was down 8.7 cents at US$2.78 per mmBTU.

The April gold contract was down US$6.90 at US$1,292.40 an ounce and the May copper contract was up 0.20 cents at US$2.90 a pound.

 

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