TSX registers small gain as energy prices rise; Wall Street awaits Fed decision

The Canadian Press</span>
Published Wednesday, July 26, 2017 5:57AM EDT
Last Updated Wednesday, July 26, 2017 11:39AM EDT

TORONTO -- Canada's main stock index registered a small gain this morning as rising oil prices helped provide some lift.

The Toronto Stock Exchange's S&P/TSX composite index was up 10.09 points to 15,212.46, after 90 minutes of trading.

The Canadian dollar was trading at 79.79 cents US, down from Tuesday's average price of 79.96 cents US.

On Wall Street, the Dow Jones industrial average was up 101.24 points to 21,714.67.

The S&P 500 index was up 1.37 points to 2,478.50 and the Nasdaq composite index was up 9.26 points to 6,421.44.

Both indexes had closed at record highs on Tuesday.

The U.S. central bank will wrap up a two-day meeting today, and most analysts expect officials to keep rates unchanged.

The Fed has already raised rates three times since December, pushing it to a range of one to 1.25 per cent, and market watchers don't expect another hike until later this year or next.

In commodities, the September crude contract was up 40 cents to US$48.28 per barrel and September natural gas was down three cents to US$2.90 per mmBTU.

August gold was down $4.40 to US$1,247.70 an ounce and September copper was up two cents to US$2.87 a pound.

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