Energy stocks help Toronto market edge higher; Loonie ticks lower

TORONTO — Canada’s main stock index edged higher in late-morning trading, helped by gains in the energy sector as the price of oil moved up.

The S&P/TSX composite index was up 16.94 points to 16,584.36, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 89.87 points to 25,014.76. The S&P 500 index was up 4.83 points to 2,803.12 and the Nasdaq composite index was up 13.94 points to 7,837.86.

The Canadian dollar was trading at 75.93 cents US, down from an average value of 75.95 cents US on Thursday.

The August crude contract was up 59 cents to US$70.92 per barrel and the August natural gas contract was down three cents to US$2.77 per mmBTU.

The August gold contract was down $3.70 to US$1,242.90 an ounce and the September copper contract was unchanged at US$2.78 a pound.

The Canadian Press

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