TORONTO -- The Toronto stock market remained in positive territory as energy stocks and miners advanced on the strength of higher oil and copper prices.
The S&P/TSX composite index advanced 27.14 points to 14,969.55 -- adding to gains last week after the U.S. Federal Reserve indicated it would continue with its wait-and-see approach to raising interest rates.
On the commodity markets, the May crude oil contract was up 46 cents at US$47.03 a barrel, while the May copper contract advanced four cents to US$2.82 a pound, helping drive the TSX metals an mining sector 2.14 points higher. The April gold bullion contract rose US$2.90 to US$1,187.50 an ounce.
U.S. markets were higher, with the Dow Jones industrial average up 69.10 points at 18,196.25, while the Nasdaq rose 3.30 points to 5,029.72 and the S&P 500 index gained 4.88 points to 2,112.98.
The U.S. dollar has weakened against other major currencies as a result, something that tends to increase commodity prices, which are priced in American dollars.
The Canadian dollar was up 0.48 of a cent at 79.98 cents US.
