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Stockhouse @ the Bell: Energy brings TSX back higher

Stockhouse Editorial
0 Comments| April 10, 2019

Climbing oil prices gave energy stocks a push on Wednesday, lifting Canada’s main stock index higher. U.S. data showed a hefty drawdown in gasoline stocks, which overshadowed crude inventories rising to their highest levels in more than a year. Meanwhile, sanctions and blackouts in Venezuela helped tighten global supply. Other data also reported that U.S. consumer prices increased by the most in 14 months in March. The Labor Department said its Consumer Price Index rose 0.4 per-cent, while economists expected a 0.3 per-cent rise. The European Central Bank kept its simple monetary policy unchanged, giving recent stimulus measures time to ease into the economy and counter spreading global gloom.
The S&P/TSX Composite Index was up 59.84 points to 16,396.29, and the TSX Venture Exchange was up 0.50 of a point to 629.09.
The Canadian dollar was up $0.0008, remaining at 75 cents.
Crude oil prices were up $0.48 to $64.46.
The price of gold was up $3.37 to $1,307.86.
In U.S. markets; the Dow added 6.58 points to 26,157.16, the S&P 500 increased 10.01 points to 2,888.21, and the NASDAQ grew 54.97 points to 7,964.24.
In world markets; the Nikkei lost 114.41 points to 21,687.57, the Hang Seng fell 37.88 points to 30,119.56, the FTSE shed 3.66 points to 7,421.91, but the DAX was up 55.60 points to 11,905.91.


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