Toronto stocks edge higher in wake of firm oil
TORONTO May 23 (Reuters) - The Toronto Stock Exchange's main index gained early on Friday with energy issues enjoying bullish oil and gas prices, while profit-taking hit a mixed bag of other shares.
The S&P/TSX composite index .GSPTSE was up 24.45 points, or 0.2 percent, at 14,816.81 shortly after the open.
With U.S. crude rebounding above $133 a barrel, and natural gas on positive terrain, the TSX energy sector jumped 0.9 percent. EnCana (ECA.TO: Quote) added 84 Canadian cents to C$93.78.
Gold producers also rose, emboldened by a jump in the spot gold price. Goldcorp (G.TO: Quote), Canada's second-biggest producer, was up 71 Canadian cents at C$42.00.
The TSX is near the record high it logged earlier this week, spurring some investors to lock in profits in the financial and telecom groups.
($1=$0.98 Canadian) (Reporting by Jonathan Spicer; editing by Renato Andrade)
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