TSX climbs on higher oil prices, as Blackberry shares gain nearly 8 per cent

The Canadian Press</span>
Published Thursday, June 1, 2017 3:05AM EDT
Last Updated Thursday, June 1, 2017 4:35PM EDT

TORONTO -- Canada's main stock index racked up a solid three-digit gain today amid higher oil prices and boosts from tech firm BlackBerry Ltd. and ski-doo maker BRP Inc.

In Toronto, the S&P/TSX composite index advanced 120 points to 15,469.91, as nearly all sectors finished in the black.

Two of the biggest gainers were shares in BlackBerry (TSX:BB), which rose nearly eight per cent, and shares in BRP (TSX:DOO), which jumped nearly 13 per cent.

Wall Street was similarly strong, with all three indices finishing at record highs.

The Dow Jones industrial average was ahead 135.53 points to 21,144.18, the S&P 500 index added 18.26 points to 2,430.06, and the Nasdaq composite index was up 48.31 points to 6,246.83.

In commodities, the July crude contract rose four cents at US$48.36 per barrel after settling at its lowest price in two weeks on Wednesday. The Canadian dollar was unchanged at an average price of 74.07 cents US.

Elsewhere, the July natural gas contract was down six cents at US$3.01 per mmBTU, the August gold contract gave back $5.30 to US$1,270.10 an ounce, and the July copper contract gained a penny at US$2.59 a pound.

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