US Markets

TSX opens higher on energy boost

Credit: REUTERS/CHRIS HELGREN

Energy stocks helped Canadian main stock index open higher on Tuesday, supported by firmer oil prices on massive production cuts in the U.S. Gulf Coast as tropical storm Laura was forecast to become a major hurricane.

Aug 25 (Reuters) - Energy stocks helped Canadian main stock index open higher on Tuesday, supported by firmer oil prices on massive production cuts in the U.S. Gulf Coast as tropical storm Laura was forecast to become a major hurricane.

* At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 28.3 points, or 0.17%, at 16,654.94.

(Reporting by Amal S in Bengaluru, Editing by Sherry Jacob-Phillips)

((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.

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