The Toronto Stock Index was green on Wednesday as oil futures settled at their highest level in about six weeks.
The Toronto Stock Exchange’s S&P/TSX Composite rose 95.14 points, or 0.63 percent, to finish at 15,244.71
West Texas Intermediate US Crude, which expires Thursday, rose 72 cents to settle at $47.12 a barrel on the New York Mercantile Exchange. Oil rose after government data showed U.S. crude and gasoline stockpiles continue to fall.
The Canadian dollar was up 0.11 percent at 1.2619, or 79.30 US cents.
Eight out of the 10 main groups in the index performed well. Materials are up by 0.25 percent, energy is up by 2.96% and financials are up by 0.45 percent. Energy stocks were leading the market on Wednesday.
On the economic front, Statistics Canada reported that manufacturing in Canada jumped for the third consecutive month, up by 1.1 percent to $54.6 billion in May.