Rallying oil prices helped push Canada's main stock index and its U.S. counterparts into record territory on Wednesday, while the loonie lost ground. Oil prices are at two-and-a-half-year highs and are still rising. "I didn't think oil could go any higher," said Allan Small, a senior investment adviser at Holliswealth. "There's a lot of things causing positive momentum for the price of oil which in my opinion is not sustainable." South of the border, technology companies once again led U.S. stocks higher on Wall Street, with software-maker Oracle advancing 2.5 per cent and IBM adding 2.7 per cent.

Source: CBC News January 03, 2018 21:56 UTC