Photo: The Canadian Press. All rights reserved.
US Federal Reserve Chairman Ben Bernanke in Washington, April 25, 2012. THE CANADIAN PRESS/AP, Susan Walsh
The Toronto stock market closed higher as rising oil prices boosted energy stocks.
The S&P/TSX composite index gained 50.02 points to 11,571.19.
The Canadian dollar moved up 0.21 of a cent to 98.76 cents US after the Bank of Canada said it was keeping its key rate unchanged at one per cent.
Traders concentrated on a raft of positive earnings reports and took some comfort in Federal Reserve chairman Ben Bernanke's comment that the Fed is prepared to take further action.
New York's Dow Jones industrials gained 78.33 points to 12,805.54, the Nasdaq composite index was up 13.1 points to 2,910.04 and the S&P 500 index climbed 10.03 points to 1,363.67.
And oil ran up 79 cents to US $89.22 a barrel.