Toronto stock market bounces back as higher oil prices help energy sector

Toronto stock market bounces back as higher oil prices help energy sector
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TORONTO — Canada’s main stock index bounced back from two days of losses as increased oil prices moved the energy sector higher.

The S&P/TSX composite index closed up 89.30 points at 16,155,16.

In New York, the Dow Jones industrial average was up 140.90 points at 25,657.73. The S&P 500 index was up 20.10 points at 2,818.46, while the Nasdaq composite was up 53.98 points at 7,691.52.

The Canadian dollar traded at an average of 74.70 cents US compared with an average of 74.52 cents US on Monday.

The May crude contract was up US$1.12 at US$59.94 per barrel and the May natural gas contract was down 2.3 cents at US$2.75 per mmBTU.

The April gold contract was down US$7.60 at US$1,315 an ounce and the May copper contract was down 0.25 of a cent at US$2.85 a pound.

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

The Canadian Press

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