Broad-based rally moves TSX higher, Canadian dollar loses ground - News Summed Up

Broad-based rally moves TSX higher, Canadian dollar loses ground


A broad-based rally helped Canada’s main stock index rise sharply Thursday as U.S. stock markets also gained ground amid some recovery in oil prices. The S&P/TSX composite index advanced 106.90 points to 16,015.68, with all major sectors positive on the day. The S&P 500 index added 7.71 points to 2,636.98 and the Nasdaq composite index gained 36.46 points to 6,812.84. The Canadian dollar closed at an average trading value of 77.86 cents US, down 0.53 of a U.S. cent. In commodities, the January crude contract climbed 73 cents to $56.69 U.S. per barrel and the January natural gas contract was down 16 cents to $2.76 per mmBTU.


Source: thestar December 07, 2017 16:30 UTC


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