TSX ends higher as consumer stocks pick up slack from energy stocks

TSX ends higher as consumer stocks pick up slack from energy stocks

TSX ends higher as consumer stocks pick up slack from energy stocks There was no let up for the price of oil today as prices bounced around the $45 mark so once again Canada’s energy sector is among the stocks ending lower along with metals producers. Globally there was concern over weakness in many of the world’s economies and increased expectation of the Fed raising US interest rates this summer.

The S&P/TSX Composite Index closed up 33.08 (0.23 per cent)

The NYSE closed higher

Oil is trending flat

Gold is slightly higher

The loonie is trending up against the US dollar ($0.7930 at close)