North American stock markets push higher in early trading, loonie edges lower

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TORONTO — Gains in the energy sector helped lead a broad-based rally on the Toronto Stock Exchange as the price of oil rose and U.S. stock markets also pushed higher.

The S&P/TSX composite index was up 110.95 points at 17,803.40.

In New York, the Dow Jones industrial average was up 350.88 points at 30,562.79. The S&P 500 index was 44.48 points 3,818.34, while the Nasdaq composite was up 165.91 points at 13,569.31.

The Canadian dollar traded for 77.92 cents US compared with 77.98 cents US on Monday.

The March crude contract was up US$1.63 at US$55.18 per barrel and the March natural gas contract was up 13 cents at US$2.98 per mmBTU.

The April gold contract was down US$24.90 at US$1,839.00 at an ounce and the March copper contract was down three cents at US$3.51 a pound.

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