Rallying oil prices helped push Canada’s main stock index and its U.S. counterparts into record territory, as the loonie lost ground.
The S&P/TSX composite index advanced 61.56 points to 16,371.55, with energy shares up 1.5% as the February crude contract surged US$1.26 to US$61.63 per barrel.
Health-care stocks also gave the TSX a boost, with shares of licensed marijuana producers such as Canopy Growth Corp. and Aphria Inc. up more than 10% and 6% cent on the day.
In New York, the Dow Jones industrial average gained 98.67 points to 24,922.68. The S&P 500 index added 17.25 points to 2,713.06 and the Nasdaq composite index was up 58.63 points to 7,065.53.
The Canadian dollar closed at an average trading value of US79.79¢, down 0.10 of a U.S. cent.
Elsewhere in commodities, the February natural gas contract gave back US5¢ to US$3.01 per mmBTU.
The February gold contract was up US$2.40 to US$1,318.50 an ounce and the March copper contract was down US2¢ to US$3.26 a pound.