Canada's main stock index posted its strongest four-day gain in three years Wednesday as it was propelled by a large increase in the price of crude oil and the Bank of Canada's latest rate announcement. The S&P/TSX composite index closed up 199.58 points to 14,804.73 in a broad-based rally that saw all sectors rise. The key energy sector followed, with financials, industrials and materials also rising. The energy sector was helped again by crude oil prices, which rose on Saudi Arabia's energy minister reassuring that its oil production and exports are falling sharply. The S&P 500 index was up 10.55 points at 2,584.96, while the Nasdaq composite was up 60.08 points at 6,957.08.

Source: CBC News January 09, 2019 22:52 UTC