Canada’s largest stock index set a new record today, advancing nearly 62 points as energy stocks surged amid rising oil prices.
The S&P/TSX composite advanced 61.88 points to 15,953.51. It previously reached 15,922.37 on Feb. 21.
Shares in oil and gas companies gained the most worth as the December crude contract advanced US$1.26 to US$53.90 per barrel.
In New York, the Dow Jones industrial average gained 33.33 points to 23,434.19. The S&P 500 index advanced 20.67 points to 2,581.07 and the Nasdaq composite index climbed 144.49 points to 6,701.26.
The Canadian dollar was trading at an average price of 77.68 cents US, down 0.26 of a U.S. cent.
Elsewhere in commodities, the December gold contract gained US$2.20 to US$1,271.80 an ounce, the December natural gas contract shed nearly nine cents to about US$2.96 per mmBTU and the December copper contract dropped about seven cents to roughly US$3.10 a pound.
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