© Provided by The Canadian PressTORONTO — Further gains in the energy sector powered Canada's main stock index higher for a fifth straight week and raised the loonie to almost 80 cents. The May crude oil contract climbed US$1.56 to US$113.90 per barrel and the May natural gas contract was up 16.5 cents at US$5.61 per mmBTU. The Canadian dollar rose to its highest level in two months, trading for 79.99 cents US after moving above 80 cents earlier in the day, and compared with 79.71 cents US on Thursday. The tech sector was down 2.4 per cent with shares of Shopify Inc. off 4.1 per cent. The S&P/TSX composite index closed up 68.05 points to 22,005.94 for a 187-point gain on the week and 4.3 per cent year-to-date.

Source: CBC News March 26, 2022 03:14 UTC