Energy Stocks Lead TSX Higher -- Canadian Commentary

(RTTNews) - Canadian stocks were back on the winning track Wednesday, powered by rebounding crude oil prices.

The S&P/TSX Composite Index was up 35.04 points, or 0.24 percent, to 14,512.05 -- back toward recent 11-month highs.

Gains in the energy and health care sectors offset weaker metal stocks.

Crude oil jumped from 4-month lows, rising $1.32, or 3.3%, to settle at $40.83 a barrel.

The Energy Information Administration showed gasoline inventories plunged 3.3 million barrels.

Traders reacted well to upbeat U.S. economic data.

Payroll processor ADP released a report showing stronger than expected private sector job growth.

ADP said private sector employment increased by 179,000 jobs in July after climbing by an upwardly revised 176,000 jobs in June.