Equity markets in Canada's largest centre rose on Wednesday to a record high as a recent rally in commodity prices helped boost the shares of energy and metal mining companies.
The S&P/TSX Composite Index gained 28.37 points to greet noon Wednesday at 16,193.64. The index had earlier touched a record intraday high at 16,207.52.
The Canadian dollar gained 0.23 cents to 79.05 cents U.S.
Markets were closed Monday and Tuesday for Christmas and Boxing Day.
Energy shares climbed, with Suncor Energy up 2.2% at $45.69.
In the materials sector, Teck Resources, which exports steelmaking coal and mines metals, including copper, gained 2.5% to $33.15.
Copper prices advanced 1.5% to $7,235 U.S. a tonne.
The largest percentage gainer on the index was Canopy Growth, which rose 13.5% while the largest decliner was Centerra Gold, down 10.8%
TransCanada Corp. fell 0.7% to $61.24 after announcing an agreement to sell retail contracts to EDF Energy Services LLC.
The TSX Venture Exchange jumped 15.17 points Wednesday to 825.47
Seven of the 12 TSX subgroups had grown positive by midday, with health-care springing to life 5.3%, energy muscling up 1.6%, and gold better by 0.6%.
The five laggards were weighed mostly by information technology, dropping 0.5%, while telecoms and consumer discretionary stocks settled 0.4% each.
U.S. stocks inched higher in a holiday-shortened week Wednesday, helped by rising metals prices and gains in utilities.
The Dow Jones industrials gained 20.01 points to reach lunch hour at 24,766.22, with McDonald's contributing the largest positive impact.
Energy stocks, the second-worst performers for the year, fell away from yesterday's rally.
The S&P 500 gained 2.16 points to 2,682.66, as real estate investment trusts and utilities were the greatest gainers in the S&P Wednesday morning.
The NASDAQ composite index improved 5.83 points to 6,942.08, amid gains in Amazon, Facebook, and Microsoft.
The Dow is on pace for its first nine-month winning streak since 1959 and the S&P is on track for its first nine-month winning streak since 1983.
In U.S. economic reports, the Conference Board's consumer confidence index fell to 122.1 in December from 128.6 in November.
Signed contracts to buy existing homes rose 0.8% in November from the same month last year, the first annual gain since June of this year, according to a seasonally adjusted monthly index of pending home sales from the National Association of Realtors. However, the index was up just 0.2% from October.
Prices for the benchmark 10-year Treasury note gained slight ground, lowering yields to 2.43% from Tuesday's 2.45%. Treasury prices and yields move in opposite directions.
Oil prices dropped 43 cents a barrel to $59.54 U.S.
Gold prices gained $3.50 to $1,291.00 U.S. an ounce.