TORONTO: Canada's main stock index rose on Wednesday to a record high as a recent rally in commodity prices helped boost the shares of energy and metal mining companies.
At 10:57 a.m. ET (15:57 GMT), the Toronto Stock Exchange's S&P/TSX composite index, which had been shut on Monday and Tuesday for the Christmas and Boxing Day holidays, rose 36.94 points, or 0.23 percent, to 16,202.21.
It touched a record intraday high at 16,207.52.
Energy shares climbed 1.6 percent, with Suncor Energy up 2.2 percent at C$45.69.
The price of US crude oil was down 0.57 percent at $59.63 a barrel. But it had touched a 2-1/2-year high in the previous session.
The materials group, which includes precious and base metals miners and fertilizer companies, added 0.7 percent.
Teck Resources Ltd, which exports steelmaking coal and mines metals, including copper, gained 2.5 percent to C$33.15.
Copper prices advanced 1.5 percent to $7,235 a tonne.
Five of the TSX's 10 main groups rose.
The largest percentage gainer on the index was Canopy Growth Co, which rose 13.5 percent, while the largest decliner was Centerra Gold, down 10.8 percent.
TransCanada Corp, fell 0.7 percent to C$61.24 after announcing an agreement to sell retail contracts to EDF Energy Services LLC.
Advancing issues outnumbered declining ones on the TSX by 154 to 88, for a 1.75-to-1 ratio on the upside.
The index was posting seven new 52-week highs and one new low.
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