TSX closes above 14000 for first time since August on rising oil

TORONTO — Canada’s main stock market has closed at its highest level in more than nine months, fuelled by gains in energy and bank stocks.The S&P/TSX composite index in Toronto racked up 100.89 points to settle at 14,053.74.The last time it closed above the 14,000 mark was on Aug. 19, 2015.The Canadian dollar also found strength, adding 0.72 of a cent to end the day at 76.79 cents US.The uptick came after the Bank of Canada announced it was holding its key interest rate steady and a report that showed a decrease in U.S. oil stockpiles, which helped lift crude prices.The July crude contract was up 94 cents at US$49.56 a barrel, while July natural gas gained four cents at US$2.18 per mmBTU.The June gold contract fell $5.40 to US$1,223.80 an ounce and July copper contracts rose four cents to US$2.10 a pound.On Wall Street, the Dow Jones industrial average soared 145.46 points at 17,851.51, the broader S&P 500 composite index advanced 14.48 points to 2,090.54 and the Nasdaq composite gained 33.83 points to 4,894.89. read more