Led by Energy Shares, Canada’s Stocks Rebounds from 3-Week Low

Canada’s main stock index rose on Wednesday as a direct impact of a jump in oil prices giving a boost to energy shares.
Higher yields of the Canadian bonds still contribute to helping strengthen the country’s financials, including the stock market.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 140.54 points, or 0.7%, at 20,693.79, rebounding from its lowest close in nearly three weeks the day before.
The day began with a rotation out of consumer discretionary and bank shares into energy. The energy group rose 4.3% to notch its highest level since July 14.
Gains for the sector came as U.S. crude oil futures settled 3.1% higher at USD72.61 a barrel, supported by a larger-than-expected drawdown in U.S. crude inventories.