TSX edges higher as oil price rises, dips as Wall St. weakens

TSX edges higher as oil price rises, dips as Wall St. weakens

TSX edges higher as oil price rises, dips as Wall St. weakens Wednesday started with some gains for the Toronto Stock Exchange as energy shares moved higher with oil prices after data on US stock levels came in lower than thought. The TSX was pulled lower though as Wall Street investors digested weaker-than-expected private payroll data, adding concern that weaker official figures on Friday would pave the way for an earlier interest rate rise. Earlier, Asian markets had closed lower although China gained with factory output data stronger than predicted. European markets closed higher as factory output data pointed to a recovering Eurozone.

The S&P/TSX Composite Index closed up 40.11 (0.27 per cent)

The NYSE closed lower

Oil is trending higher (Brent $56.73, WTI $49.66 at 4.30pm)

Gold is trending higher

The loonie is valued at U$0.7922 (at 4.30pm)