TSX posts modest gain

Boost from higher oil prices not enough to give market significant lift

Canada’s main stock index posted another flat day even though the key energy sector gained on a rise in the price of oil.

The S&P/TSX composite index closed up 6.39 points to 16,074.30.

In New York, the Dow Jones industrial average was down 72.82 points at 25,985.16. The S&P 500 index was down 1.52 points at 2,792.38, while the Nasdaq composite rose 5.21 points at 7,554.51.

The Canadian dollar traded at an average of US76.07¢ compared with an average of US75.79¢ on Tuesday.

The April crude contract was up US$1.44 at US$56.94 per barrel and the April natural gas contract was up 0.3 of a cent at US$2.80 per mmBTU.

The April gold contract was down US$7.30 at US$1,321.20 an ounce and the May copper contract was up US1.2¢ at US$2.96 a pound.