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

TORONTO — The energy sector helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets also pushed higher.

The S&P/TSX composite index was up 31.46 points at 17,063.44.

In New York, the Dow Jones industrial average was up 92.88 points at 28,332.16. The S&P 500 index was up 7.20 points at 3,198.34, while the Nasdaq composite was up 28.98 points at 8,856.71.

The Canadian dollar traded for 76.17 cents US compared with an average of 76.23 cents US on Wednesday.

The February crude contract was up 35 cents at US$61.20 per barrel and the January natural gas contract was down 0.8 of a cent at US$2.28 per mmBTU.

The February gold contract was up US$1.40 at US$1,480.10 an ounce and the March copper contract was up 0.80 of a cent at US$2.82 a pound.

This report by The Canadian Press was first published Dec. 19, 2019.

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

 

The Canadian Press