US Markets

TSX opens higher as oil prices gain

Credit: REUTERS/CHRIS HELGREN

Canada's main stock index opened higher on Wednesday supported by a rise in oil prices, as a surprise drop in U.S. crude inventories buoyed hopes for a recovery in demand.

July 29 (Reuters) - Canada's main stock index opened higher on Wednesday supported by a rise in oil prices, as a surprise drop in U.S. crude inventories buoyed hopes for a recovery in demand.

* At 9:31 a.m. ET (13:31 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 123.99 points, or 0.77%, at 16,245.31.

(Reporting by Amal S in Bengaluru; Editing by Shounak Dasgupta)

((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More