TORONTO –
Energy stocks helped lift Canada’s main stock index higher in late morning trade as oil prices also rose to a high of US$70 a barrel.
The S&P/TSX composite index rose 44.31 points to 20,199.60.
US stock markets are closed for the Independence Day holiday.
The Canadian dollar traded at 75.68 cents US compared to 75.53 cents US last Friday.
The August crude oil contract was up US$1.37 at US$71.16 per barrel and the August natural gas contract was up four cents at US$2.75 per mmBTU (million British thermal units).
The August gold contract was up US$6.00 at US$1,935.50 an ounce and the September copper contract was down less than a penny at US$3.79 a pound.
This report in The Canadian Press was first published July 4, 2023.