S&P/TSX composite closes up as energy and tech stocks rise, outpacing U.S. markets

Canada's main stock index closed up on Thursday, buoyed by strength in the energy and technology sectors, while U.S. stock markets notched muted gains.In New York, the Dow Jones industrial average was up 36.26 points at 39,164.06. The S&P 500 index was up 4.97 points at 5,482.87, while the Nasdaq composite was up 53.53 points at 17,858.68.

“The economy slowing in Canada is not really a big surprise ... and therefore maybe a little bit more in the price. Whereas in the U.S. obviously we’ve had a very high-flying stock market there, and maybe we're just seeing a little bit of a pause today from that.” In the technology realm, BlackBerry Ltd. enjoyed a nearly 11 per cent jump in its share price Thursday that boosted the tech index. The Waterloo, Ont.-based company’s CEO told analysts on Wednesday evening that plans to divide up its business have so far produced millions in savings and put the business on a path to profitability.“They’re going to be fairly tied to expectations around economic growth,” Greenberg said, pointing to mild warning signs out of the United States and China.

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