Toronto market climbs as crude oil futures reach highest level in two weeks

The TSX closed up 124.70 points on Monday

Canada’s main stock index recovers at end of trading with the energy sector rising with crude oil futures reaching highest closing in two weeks.

The S&P/TSX composite index closed up 124.70 points at 14,745.04.

In New York, the Dow Jones industrial average was up 26.07 points at 23,749.76. The S&P 500 index was up 12.03 points at 2,842.74, while the Nasdaq composite was up 105.77 points at 8,710.72.

The Canadian dollar traded for US71.00¢ compared with an average of US71.09¢ on Friday.

The June crude contract was up 61 cents at US$20.39 per barrel and the June natural gas contract was up 10.3 cents at US$1.99 per mmBTU.

The June gold contract was up US$12.40 at US$1,713.30 an ounce and the July copper contract was up half a penny at US$2.31 a pound.