TSX starts the trading year higher as energy sector helped by increased oil price

The Canadian Press</span>
Published Tuesday, January 1, 2019 11:23PM EST
Last Updated Wednesday, January 2, 2019 5:20PM EST

TORONTO -- Canada's main stock index started the trading year higher in a volatile day that saw the key energy sector get a boost from higher oil prices.

The S&P/TSX composite index closed up 24.30 points at 14,347.16.

In New York, the Dow Jones industrial average ended the day up 18.78 points at 23,346.24. The S&P 500 index was up 3.18 points at 2,510.03, while the Nasdaq composite was up 30.66 points at 6,665.94.

The Canadian dollar traded at an average of 73.53 cents US compared with an average of 73.30 cents US on Monday to close out 2018.

The February crude contract was up US$1.13 at US$46.54 per barrel and the February natural gas contract was up 1.8 cents at US$2.96 per mmBTU.

The February gold contract was up US$2.80 at US$1,284.10 an ounce and the March copper contract was down 0.8 of a cent at US$2.62 a pound.

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