Canadian Press and Oil Prices

Portfolio Management Corp.: The S&P/TSX composite index gained 19.36 points to 13,901.77 as the July contract for North American benchmark crude oil rose $1.77 to $47.98 a barrel, according to The Toronto Star. The more heavily traded August contract was up even more, rising $1.82 to $48.56 a barrel. By Alexandra Posadzki The Canadian Press, and Brian McKenna The Canadian Press Fri., June 17, 2016 The Toronto stock market managed a small advance and the Canadian dollar jumped half a cent against the greenback Friday as oil prices staged a rebound from a recent string of losses. The price of oil is up, so Toronto is up, said Norman Levine, managing director of Portfolio Management Corp. The metals and mining sector of the TSX was the biggest gainer, rising 1.77 per cent, while energy stocks climbed 1.4 per cent. That really what dominates Toronto. (news.financializer.com). As reported in the news.