Strength in energy and base metal stocks helped lift Canada’s main stock index higher as the price of oil rose in late-morning trading, while U.S. stock markets also moved up.

The S&P/TSX composite index was up 78.02 points at 22,153.12.

In New York, the Dow Jones industrial average was up 79.91 points at 39,250.15. The S&P 500 index was up 21.66 points at 5,227.47, while the Nasdaq composite was up 98.15 points at 16,338.60.

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The Canadian dollar traded for 73.99 cents US compared with 73.68 cents US on Tuesday.

The May crude oil contract was up 69 cents at US$85.84 per barrel and the May natural gas contract was down less than penny at US$1.86 per mmBTU.

The June gold contract was up US$23.60 at US$2,305.40 an ounce and the May copper contract was up 12 cents at US$4.19 a pound.

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