Energy market boosts Toronto stock market as oil rises, U.S. stock markets up

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TORONTO — Gains in the energy sector helped boost Canada’s main stock index higher in early trading as the price of oil climbed higher.

The S&P/TSX composite index was up 23.65 points at 18,344.32.

In New York, the Dow Jones industrial average was up 167.90 points at 31,437.99. The S&P 500 index was up 16.95 points at 3,836.67, while the Nasdaq composite was up 51.74 points at 13,049.49.

The Canadian dollar traded for 79.22 cents US compared with 79.17 cents US on Wednesday.

The April crude contract was up US$1.09 at US$62.37 per barrel and the April natural gas contract was down four cents at US$2.78 per mmBTU.

The April gold contract was down US$2.00 at US$1,713.80 an ounce and the May copper contract was down eight cents at US$4.06 a pound.

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