Canada’s main stock index bounced back from two days of losses as increased oil prices moved the energy sector higher.

The S&P/TSX composite index closed up 89.30 points at 16,155,16.

In New York, the Dow Jones industrial average was up 140.90 points at 25,657.73. The S&P 500 index was up 20.10 points at 2,818.46, while the Nasdaq composite was up 53.98 points at 7,691.52.

The Canadian dollar traded at an average of US74.70¢ compared with an average of US74.52¢ on Monday.

The May crude contract was up US$1.12 at US$59.94 per barrel and the May natural gas contract was down 2.3¢ at US$2.75 per mmBTU.

The April gold contract was down US$7.60 at US$1,315 an ounce and the May copper contract was down 0.25 of a cent at US$2.85 a pound.