Canadian stocks finished with a small gain on Thursday, a day after a surprising deal from OPEC nations to cut oil production bred optimism that crude prices may soon march steadily higher. Oil prices gained 78 cents to close at $47.83, a day after crude prices rallied more than six per cent late in the day. The OPEC deal is rather flimsy on details, but has nonetheless sparked optimism that the notoriously fractious cartel may finally be willing to work together for their own common good. While higher oil prices contributed some lift to the TSX, U.S. stocks suffered as worries grew about Deutsche Bank, Germany's biggest lender. The Dow Jones industrial average fell 195.79 points to 18,143.45, while the Standard-and-Poor's 500 index shed 20.24 points to 2,151,13.
Source: CBC News September 29, 2016 15:20 UTC