Energy stocks help lift S&P/TSX composite higher as price of oil rises | Globalnews.ca

A rise in the price of oil helped Canada’s main stock index climb in late morning trading as strength in the energy sector, while US stock markets were in the red.

s & P/tsx The Composite Index was up 56.09 points at 20,513.55.

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The Dow Jones Industrial Average in New York was down 329.38 points at 33,581.47. The S&P 500 index was down 26.50 points at 3,964.47 and the Nasdaq Composite was down 48.08 points at 11,047.03.

The Canadian dollar traded for 74.53 cents US compared to 74.68 cents US on Tuesday.

The March crude oil contract was up US$1.69 at US$82.14 a barrel and the February natural gas contract was down 21 cents at US$3.37 per mmBtu.

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The February gold contract rose $3.80 to $1,913.70 an ounce and the March copper contract rose seven cents to $4.30 a pound.

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