TSX inches higher despite losses for energy and materials sectors

Photo: The Canadian Press

Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

Canada's main stock index resumed its upward trend in late morning trading despite decreases in the key energy and materials sectors.

The S&P/TSX composite index was up 26.63 points at 17,847.80.

In New York, the Dow Jones industrial average lost 7.06 points at 29,416.25. The S&P 500 index was up 5.43 points at 3,379.37, while the Nasdaq composite was up 32.05 points at 9,744.02.

The Canadian dollar traded for 75.42 cents US compared with an average of 75.44 cents US on Thursday.

The March crude contract was up 47 cents at US$51.89 per barrel and the March natural gas contract was up 1.9 cents at US$1.84 per mmBTU.

The April gold contract was up US$6.30 at US$1,585.10 an ounce and the March copper contract was down 1.55 cents at US$2.60 a pound.