Oil Price Jump Pumps Up Canadian Stocks

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Thursday, March 19, 2009 at 05:27PM

Oil Sands CanadaCALGARY, Alberta (Reuters) - Canadian energy shares surged 6 percent on Thursday on a big gain in oil prices after the U.S. Federal Reserve said it will pump another $1 trillion into the economy by buying long-term debt.

The Toronto Stock Exchange oil and gas subindex , which includes shares of independent oil companies, integrated producers and oil field service providers, was up 11.98 points at 226.51, its highest level since early January. More >>

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