TSX hits all-time high as oil prices surge

Surging oil prices boosted the benchmark index of the Toronto Stock Exchange to a record high today.

The S&P/TSX composite index was up 57 points to 15,040 at 11:45 ET. The index went as high as 15,154 in early morning trading. That broke the previous record high set little more than two weeks ago, when the index first crossed the 15,000 level.

Today’s strength was concentrated in resources shares, especially energy. Crude oil futures soared US$6.66 a barrel to US$134.45.

The heavyweight TSX energy sector rose 2.1% in midday trading.