Strength in the energy stocks helped lift Canada's main stock index higher in afternoon trading, while U.S. stock markets also rose.

The S&P/TSX Composite Index was up 0.83 points at 20,033.49.

In New York, the Dow Jones industrial average was up 127.65 points at 35,461.12. The S&P 500 index was up 8.43 points at 4,558.86, while the Nasdaq Composite was up 24.51 points at 14,265.53.

The Canadian dollar traded for 73.69 cents U.S. compared with 73.34 cents U.S. on Monday.

The January crude oil contract was up US$1.96 at US$76.82 per barrel and the January natural gas contract was down two cents at US$2.93 per mm/BTU.

The February gold contract was up US$20.60 at US$2,053.60 an ounce and the March copper contract was up five cents at US$3.85 a pound.

This report by The Canadian Press was first published Nov. 28, 2023.