Energy sector helps lead the way up on TSX, U.S. stock also gain ground

Energy sector helps lead the way up on TSX, U.S. stock also gain ground
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TORONTO — The energy sector helped lead a broad-based support for stocks as Canada’s main stock index moved higher in late-morning trading while U.S. stocks also increased.

The S&P/TSX composite index was up 43.03 points at 16,344.94.

In New York, the Dow Jones industrial average was up 69.09 points at 26,158.70. The S&P 500 index was up 8.89 points at 2,895.87, while the Nasdaq composite was up 63.49 points at 7,860.15.

The Canadian dollar traded for 74.63 cents US compared with an average of 74.71 cents US on Friday.

The July crude contract was down 12 cents at US$52.39 per barrel and the July natural gas contract was up 1.5 cents at US$2.40 per mmBTU.

The August gold contract was down US$2.10 at US$1,342.40 an ounce and the July copper contract was up 2.4 cents at US$2.65 a pound.

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

The Canadian Press

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