The Toronto Stock Exchange is outperforming the major U.S. markets today, with resource stocks leading the way.
The S&P/TSX composite index was up 164.28 points, or 1.1 per cent, at 14,990.37. The Canadian dollar was at 74.57 cents US, up 0.57 of a U.S. cent from Friday's close.
A number of companies in the oil and gas sector and the mining sector were up sharply, including Encana Corp., Precision Drilling and HudBay Minerals.
The January crude contract was up $1.58 at $47.94 per barrel, December natural gas rose 11 cents to US$2.95 per mmBTU and December copper contracts advanced five cents at US$2.52 a pound.
December gold rose $5.10 to US$1,213.80 an ounce.
In New York, the Dow Jones industrial average rose a minimal 3.12 points to 18,906.94 and the S&P 500 advanced 4.58 points to 2,191.70. The Nasdaq composite rose 12.83 points to just under 5,346.80.
The Canadian Press
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