Energy stocks help lift S&P/TSX composite as oil tops US$70 a barrel

TORONTO –

Energy shares helped elevate Canada’s foremost inventory index larger in late-morning buying and selling as the worth of oil additionally rose to high US$70 a barrel.

The S&P/TSX composite index was up 44.31 factors at 20,199.60.

U.S. inventory markets are closed for the Independence Day vacation.

The Canadian greenback traded for 75.68 cents US in contrast with 75.53 cents US on Friday.

The August crude oil contract was up US$1.37 at US$71.16 per barrel and the August pure fuel contract was up 4 cents at US$2.75 per mmBTU (million British thermal items).

The August gold contract was up US$6.00 at US$1,935.50 an oz. and the September copper contract was down lower than a penny at US$3.79 a pound.

This report by The Canadian Press was first printed July 4, 2023.