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TSX, New York stock markets climb as oil prices rally above US$50 a barrel

TORONTO — The Toronto stock market climbed moderately in late-morning trading as gains in bank stocks helped offset declining gold stocks.

The S&P/TSX composite index added 24.77 points at 15,262.52.

Wall Street also registered small gains with the Dow Jones industrial average advancing 7.27 points at 19,556.89, while the S&P 500 was slightly ahead by 0.11 of a point at 2,241.46.

The Nasdaq composite rallied 12.76 points at 5,406.52.

Commodity markets were mostly negative as the February gold contract dropped US$4.10 at US$1,173.40 per ounce, March copper contract lost two cents at US$2.63 per pound and January natural gas pulled back a penny at US$3.59 per mmBtu.

Crude was the sole bright spot with the January crude oil contract climbing 82 cents to US$50.59 per barrel. The Canadian dollar added 0.10 of a cent at 75.65 cents US.

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