The Globe and Mail reports in its Friday edition that Canada's main stock index rose on Thursday as higher oil prices lifted energy shares, with the index recouping much of the previous day's decline. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 243.15 points at 32,378.64, moving back in reach of the record closing high it posted on Tuesday. "Energy companies are bouncing back today, looking past that initial shock of the U.S. replacing some little bit of Canadian oil with Venezuelan oil," said Michael Dehal at Raymond James. The U.S. Senate voted to advance a resolution that would bar President Donald Trump from taking further military action against Venezuela without congressional authorization. The energy sector rose 1.9 per cent, with Cenovus Energy up 3.4 per cent. The price of oil settled 3.2 per cent higher at $57.76 (U.S.) a barrel, after two straight days of declines. The price of gold also rose. MDA Space was a standout. Its shares climbed 6.6 per cent after the space and defence technology company said it was contracted by the U.S. Missile Defense Agency. In on Wall Street, Alphabet gained 1.1 per cent the day after the Google parent surpassed Apple in market capitalization.
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