TSX energy stocks rose three per cent, as the November crude contract lifted $1.62 to settle at US$49.43 a barrel and the November contract for natural gas was up 2.4 cents at US$2.50. The currency has traded below 77 cents United States for most of the past two months, in part because of the strong USA dollar and weak prices for oil and other commodities.
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North American stock markets were near break-even Thursday morning, dipping slightly after a series of gains.
Stock futures for the December quarter on the S&P TSX index were up 0.06% recently.
USA stocks were also in the red, as investors awaited the Fed minutes, which they hope will provide more clarity on the central bank’s view of the global economy and its timing for resuming raising interest rates.
At 10:38 a.m. ET (1438 GMT), the Toronto Stock Exchange’s S&P/TSX composite index rose 3.32 points, or 0.02 percent, to 13,871.67.
The overall industrials sector added 0.4 percent.
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Meanwhile, the mining sector climbed 1.05 percent as the base metals giant Teck Resources Ltd. rallied 7.2 percent to 9.53 Canadian dollars, following a 14.27-percent surge on Wednesday.
