Toronto stocks were up Thursday, building slightly on yesterday’s triple-digit gain, on the strength of the energy and information technology sectors.
The S&P/TSX composite index moved up 17.38 points, or 0.16%, to 11,130.21.
In the previous session, the market gained 117.35 after dropping below the 11,000 plateau for the first time this year.
Six of the 10 TSX main sub-groups were down, but the energy sector gained 1.03%.
The August contract for light, sweet crude closed up 51¢ at US$70.84 a barrel. EnCana Corp. gained 77¢, or 1.42%, to $54.89.
The materials index ended flat, with the gold futures contract falling $5.60 to US$585.40 an ounce.
Yamana Resources Inc. lifted 18¢, or 1.79%, to $10.25.
The information technology index was up 0.73%.
Research In Motion Ltd. announced it would launch its BlackBerry wireless email device and service in Taiwan in conjunction with Taiwan Mobile Co. Ltd. RIM shares gained $1.97, or 2.81%, to $72.11.
Canadian dollar took a tumble on currency markets Thursday. The loonie shed more than three-quarters of a cent, to US89.37¢.
The S&P/TSX Venture composite index rose 4.95, or 0.19%, to 2,555.85.
In New York, concerns over a possible rise in interest rates and the slowing of the domestic economy put downward pressure on the markets.
The Dow Jones Industrial Average fell 60.35 points, or 0.5%, at 11,019.11. The Nasdaq Composite Index fell 18.22 points, or almost 0.9%, to 2,122.98, while the S&P 500 Index closed down 6.60 points, or 0.5%, at 1,245.60.