Canadian Markets Surge on Energy Boost

0:00Canada's main stock index climbed nearly 200 points in late morning trading today, reaching 32,073.30 on the S&P-slash-TSX composite. The gains came mainly from a strong energy sector, fueled by rising oil prices that top $90 per barrel. Across the border, US markets showed mixed results. The Dow Jones industrial average rose 139.77 points to 46,348.24. The S&P-500 edged up just 1.87 to 6,582.87 while the NASDAQ composite dipped 82.90 points to 21,863.86. The Canadian dollar weakened slightly, trading at 72.70 cents US, down from 72.90 cents the previous. Day, investors washed commodities closely amid the volatility. Oil prices jumped sharply, with the May crude contract of $3.24 to $91.37 per barrel.

1:06Gold also ticked higher, as the April contract gained 20 cents to 4,407.70 per ounce. Overall, energy strength is driving optimism in Canadian markets for now, as traders keep an eye on global oil trends and upcoming economic data.