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Toronto stock market rallies despite drop in crude oil prices

first_img Facebook LinkedIn Twitter Businessman analysis the stockmarket on labtop Stock Market Investment Online jes2ufoto/123RF TSX gets lift from financials, U.S. markets rise to highest since March S&P/TSX composite hits highest close since March on strength of financials sector Share this article and your comments with peers on social media In New York, the Dow Jones industrial average was up 227.61 points at 27,137.04. The S&P 500 index was up 21.54 points at 3,000.93, while the Nasdaq composite was up 85.52 points at 8,169.68.The Canadian dollar traded for an average of US75.87¢ compared with an average of US76.03¢ on Tuesday.The October crude contract was down US$1.65 at US$55.75 per barrel and the October natural gas contract was down US2.8¢ at US$2.55 per mmBTU.The December gold contract was up US$4.00 at US$1,503.20 an ounce and the December copper contract was down US1.35¢ at US$2.61 a pound. Canada’s main stock index rallied to its highest level in seven weeks despite a big drop in crude oil prices.The S&P/TSX composite index closed up 73.80 points at 16,611.14. Keywords Marketwatch Related news Toronto stock market dips on weakness in the energy and financials sectors Canadian Press last_img read more

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