Stocks get boost as oil rises

Canada’s main stock index pushed higher in late-morning trading as oil prices moved up and the energy sector headed higher.

The S&P/TSX composite index was up 85.82 points at 16,151.68.

In New York, the Dow Jones industrial average was up 258.69 points at 25,775.52. The S&P 500 index was up 28.35 points at 2,826.71, while the Nasdaq composite was up 84.36 points at 7,721.90.

The Canadian dollar traded for 74.72 cents US compared with an average of 74.52 cents US on Monday.

The May crude contract was up US$1.30 at US$60.12 per barrel and the May natural gas contract was down 1.4 cents at US$2.76 per mmBTU.

The April gold contract was down US$7.30 at US$1,315.30 an ounce and the May copper contract was up one tenth of a cent at US$2.86 a pound.

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