Oil rebound on Saudi airstrikes; Energy stocks boost TSX

Oil rebound on Saudi airstrikes; Energy stocks boost TSX

Oil rebound on Saudi airstrikes; Energy stocks boost TSX The Toronto Stock Exchange got an indirect boost from the Middle East on Thursday as Saudi Arabia re-started airstrikes on Yemen two days after announcing they were to end. Brent prices have rebounded as a result, giving Canada’s energy sector a boost along the way. Gold has also been edging higher, adding weight to mining stocks. Asian markets were weakened earlier by poor data on China’s factory activity and most indexes closed lower except Shanghai and Tokyo. Weak PMI data from Europe meant most major indexes there also closed lower, except for London.

The S&P/TSX Composite Index closed up 87.58 (0.57 per cent)

The NYSE closed higher

Oil is trending higher (Brent $64.82, WTI $57.51 at 4.10pm)

Gold is trending higher

The loonie is valued at U$0.8230