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Oil prices rose for a second day in a row, helping Canada’s main stock market finish higher amid political and economic uncertainty now that Britain has officially filed to leave the European Union.
The Toronto Stock Exchange’s S&P/TSX composite index was up 59.06 points at 15,657.63, with metals and energy sectors leading advancers.
The May oil contract added $1.14 at $49.51 (U.S.) per barrel, while May natural gas contracts were up five cents at $3.23 per mmBTU.
The Canadian dollar also benefited from strengthening crude with the loonie jumping 0.28 of a U.S. cent at 75 cents U.S.
In other commodities, the April gold contract was down $1.90 at $1,253.70 (U.S.) an ounce and May copper contracts were unchanged at $2.68 a pound.
Meanwhile in New York, indices were mixed. The Dow Jones industrial average lost 42.18 points at 20,659.32, the S&P 500 index added 2.56 points at 2,361.13 and the Nasdaq composite index gained 22.41 points at 5,897.55.