Canadian dollar, TSX get boost from higher oil prices

The Toronto Stock Exchange gained due to higher oil prices. THE CANADIAN PRESS

TORONTO – Higher oil prices boosted North American markets as all three major U.S. indexes hit record highs.

The Toronto Stock Exchange’s S&P/TSX composite index gained 29.57 points to 14,777.02.

In New York, the Dow Jones industrial average added 59.58 points to close at 18,636.05, the broader S&P 500 composite index advanced 6.10 points to 2,190.15 and the Nasdaq composite was up 29.13 points to 5,262.02.

READ MORE: Dow Jones reaches record high as TSX also posts strong gains

The Canadian dollar was at 77.42 cents US, up 0.27 of a cent from Friday’s close.

The September crude contract was up $1.25 at US$45.74 per barrel and September natural gas was unchanged at US$2.59 per mmBTU.

The December gold contract rose $4.30 to $1,347.50 and September copper contracts rose one cent to $2.15 a pound.


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