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CANADA STOCKS-TSX opens higher as energy stocks gain Reuters 3 hrs ago
May 5 (Reuters) - Canada s main stock index rose on Wednesday, boosted by energy stocks after oil prices gained as the easing of lockdowns in the United States and parts of Europe raised hopes of higher fuel demand in the summer season. At 09:31 a.m. ET (1331 GMT), the Toronto Stock Exchange s S&P/TSX composite index was up 66.69 points, or 0.35%, at 19,254.72.
(Reporting by Shivani Kumaresan in Bengaluru; Editing by Amy Caren Daniel)
By Reuters Staff
3 Min Read
May 5 (Reuters) - Canada’s main stock index rose on Wednesday, as energy stocks gained tracking crude prices after easing restrictions in the United States and parts of Europe raised hopes of higher fuel demand in the summer season. The rise in oil prices to near two-month highs has been supported by COVID-19 vaccine rollouts in Europe and the United States where more than 40% of U.S. adults have received a vaccine. That helped the energy sector climb 1%. At 09:40 a.m. ET (1340 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 48.66 points, or 0.25%, at 19,236.69.
TSX rises as energy stocks boost
05/05/2021 | 10:52am EDT
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(Reuters) - Canada s main stock index rose on Wednesday, as energy stocks gained tracking crude prices after easing restrictions in the United States and parts of Europe raised hopes of higher fuel demand in the summer season. The rise in oil prices to near two-month highs has been supported by COVID-19 vaccine rollouts in Europe and the United States where more than 40% of U.S. adults have received a vaccine. That helped the energy sector climb 1%. [O/R] At 09:40 a.m. ET (1340 GMT), the Toronto Stock Exchange s S&P/TSX composite index was up 48.66 points, or 0.25%, at 19,236.69.
London s FTSE 100 clocked its best day in
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Croda International jumped. | May 5, 2021