Energy stocks lead Toronto market higher as North American stocks bounce back

0

TORONTO — Energy stocks helped boost Canada’s main stock index higher in late-morning trading as North American stocks bounced back after taking a hit to start the week due to the escalating U.S.-China trade war.

The S&P/TSX composite index was up 59.14 points at 16,252.55.

In New York, the Dow Jones industrial average was up 242.41 points at 25,567.40. The S&P 500 index was up 27.25 points at 2,839.12, while the Nasdaq composite was up 87.75 points at 7,734.77.

The Canadian dollar traded for 74.25 cents US compared with an average of 74.33 cents US on Monday.

The June crude contract was up 67 cents at US$61.71 per barrel and the June natural gas contract was up three cents at US$2.65 per mmBTU.

The June gold contract was down US$5 at US$1,296.80 an ounce and the July copper contract was up 0.1 of a cent at US$2.72 a pound.

 

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