S&P/TSX composite up more than 200 points as price of oil rises
Canada’s main stock index was up more than 200 points in late-morning trading, helped by strength in the energy stocks as the price of oil moved higher.
The S&P/TSX composite index was up 216.53 points at 21,580.14.
In New York, the Dow Jones industrial average was up 23.14 points at 39,019.53. The S&P 500 index was up 21.99 points at 5,118.26, while the Nasdaq composite was up 111.40 points at 16,203.32.
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The Canadian dollar traded for 73.82 cents US compared with 73.69 cents US on Thursday.
The April crude contract was up US$2.12 at US$80.38 per barrel and the April natural gas contract was down three cents at US$1.83 per mmBTU.
The April gold contract was up US$24.30 at US$2,079.00 an ounce and the May copper contract was up a penny at US$3.86 a pound.
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