TSX, Wall Street rise along with oil prices – FINANCIAL NEWS-ecozik.com
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TSX, Wall Street rise along with oil prices

North American stock markets got off to a positive start today, with Canada's main index up about one per cent shortly after trading began in Toronto.

TORONTO – Canada’s main index gained ground for that third straight day, riding a wave of rising oil prices.

The S&P/TSX composite index was up 214.16 points at 12,591.93 for any cumulative gain during the last three days of nearly 450 points.

The oil-sensitive Canadian dollar was also trading higher, up 0.27 of a U.S. cent at 71.18 cents US.

In New York, the Dow Jones industrial average rose 125.18 suggests 16,069.64, as the S&P 500 advanced 10.41 points to 1,893.36 and the Nasdaq added 38.51 points to 4,506.68.

In commodities, the main focus was on oil, where the March agreement for benchmark United states crude was up 92 cents at US$33.22 a barrel following as high as US$34.82 earlier within the session.

The March natural gas contract was up 2.5 cents at US$2.182 per mmBtu, while April gold gave back 20 cents to US$1,116.10 an ounce and March copper lost anything to US$2.05 a pound.

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