Energy sector lifts TSX

Gains in the energy sector helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets also surged higher.

The S&P/TSX composite index was up 47.39 points at 16,624.67.

In New York, the Dow Jones industrial average was up 107.23 points at 26,618.28. The S&P 500 index was up 17.15 points at 2,925.12, while the Nasdaq composite was up 64.23 points at 8,079.50.

The Canadian dollar traded for 74.58 cents US compared with an average of 74.89 cents US on Monday.

The June crude contract was up 94 cents at US$66.49 per barrel and the June natural gas contract down 6.1 cents at US$2.50 per mmBTU.

The June gold contract was down US$6.80 at US$1,270.80 an ounce and the May copper contract was down 2.10 cents at US$2.88 a pound.

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