Downtown office buildings Toronto

Canada’s main stock index set a new record high in a broad-based rally led by the key energy and materials sectors.

The S&P/TSX composite index gained 67.02 points to a record close of 17,925.36.

In New York, the Dow Jones industrial average was up 115.84 points at 29,348.03. The S&P 500 index was up 15.86 points at 3,386.15, while the Nasdaq composite was up 84.44 points at 9,817.18.

The Canadian dollar traded for US75.58¢ compared with an average of US75.43¢ on Tuesday.

The April crude contract was up US$1.20 at US$53.49 per barrel and the March natural gas contract was down 2.6 cents at US$1.96 per mmBTU.

The April gold contract was up US$8.20 at US$1,611.80 an ounce and the March copper contract was up 0.2 of a cent at US$2.61 a pound.