By Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- Canadian stocks rose on Thursday, posting their third straight day of gains, tracking a rally on Wall Street and in crude oil prices, which received a boost after news of an attack on an oil pipeline in Nigeria.
The benchmark S&P/TSX Composite Index rallied 260 points, or 2.6%, to 10,361.
Advancing shares topped decliners by 933 to 535, while 267 issues were unchanged.
On Wall Street, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.24% gained 172 points, or 2%, to finish at 8,472. U.S. stocks received a boost from consumer-related stocks and with healthcare stocks rallying after media reports said Senate negotiators had cut the price-tag of a health-care reform bill.
Crude oil futures topped $70 a barrel on the New York Mercantile Exchange after militants attacked a key pipeline in Nigeria, the fifth largest oil exporter to the U.S. The market also remained supported by government data that showed a bigger-than-expected drop in U.S. inventories of crude oil. See Futures Movers.
Among energy stocks in Toronto, Suncor Energy /zigman2/quotes/204570600/delayed CA:SU +7.93% gained 5.2%, Talisman Energy rose 3.8%, and Jura Energy /zigman2/quotes/208861461/delayed CA:JEC -62.50% rallied 12%.
Metals also advanced with gold and copper both rising strongly. See Metals Stocks.
Among mining shares, Barrick Gold /zigman2/quotes/209252292/delayed CA:ABX +4.76% gained 5%, Yamana Gold /zigman2/quotes/206359073/delayed CA:YRI +4.81% rose 3.6%, Lundin Mining Corp. /zigman2/quotes/201246870/delayed CA:LUN +3.68% gained 3.1%and Eldorado Gold /zigman2/quotes/207321207/delayed CA:ELD +4.20% rose 11%.