TSX stabilises as oil rebounds

TSX stabilises as oil rebounds

TSX stabilises as oil rebounds The Toronto Stock Exchange has enjoyed a better day’s trading after benchmark Brent crude rebounded. WTI however slipped with data showing higher-than-expected US stocks. Canada’s energy sector together with another seven of the TSX’s main sectors advanced. On Wall Street there were moderate gains but fears still surround the Fed’s interest rate rise coming earlier in the year. In Europe, the low value of the euro has helped exports and the ECB’s bond-buying program is underway. However discussions on Greek debt have taken an unusual turn as the country is now threatening to seize German assets claiming that it is owed billions of euros in reparations resulting from World War 2.

The S&P/TSX Composite Index closed up 97.44 (0.67 per cent)

The NYSE closed lower

Oil is trending higher (Brent $57.83, WTI $48.30 at 4.20pm)

Gold is trending lower

The loonie is valued at U$0.7836 (at 4.20pm)