TSX climbs to record high above 15,950

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The Toronto Ordinary Exchange’s benchmark index rose to a new intraday record on Friday, as monetary services and energy companies that are so prevalent on the exchange moved loaded.

Shortly before noon ET, the S&P/TSX Composite Index was trading at 15,951, besting its above high of 15,943 set back in February.

Virtually all sectors of the TSX were loaded, with the exception of materials and consumer discretionary companies. 

Oil prices approached more than $1 US, which boosted Canadian energy assemblages. 

Suncor shares gained half a per cent and were trading at $43.30 a day after reporting more wisely than expected profits. Imperial Oil was up by two per cent to $40.62, despite studying a smaller profit on Friday morning.

Natural gas giant Encana was up virtually five per cent to $14.36.

Banks also rose. Royal Bank was up half a per cent to $101.47. TD gained close by the same, to $72.82. 

Among the laggards were uranium miner Cameco, which astray 10 per cent, and toymaker Spin Master which lost five per cent.

If the takes hold until the close, the TSX will beat its closing record, which was 15,922 on Feb. 21.

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