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Energy and banks lift TSX

Canada's main stock index crept higher in late-morning trading, boosted by gains in the energy and financial sectors.

The S&P/TSX composite index was up 11.99 points at 16,514.19.

In New York, the Dow Jones industrial average was down 6.14 points at 26,446.52. The S&P 500 index was down 2.66 points at 2,904.40, while the Nasdaq composite was up 2.24 points at 8,002.47.

The Canadian dollar traded for 75.04 cents US compared with an average of 74.84 cents US on Tuesday.

The June crude contract was down 12 cents at US$64.07 per barrel and the May natural gas contract was down 4.5 cents at US$2.53 per mmBTU.

The June gold contract was down US$1.50 at US$1,275.70 an ounce and the May copper contract was up 4.4 cents at US$2.97 a pound.



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