The TSX joined other major North American markets Thursday in surging back from a big dip a day earlier that might have just been a blip among the recent rallies. Canada’s main stock index was up 0.8 per cent on the day as base metals, healthcare and utilities led the way and battery metals was the only sector in negative territory.
The rebound revived hopes of recording an eighth consecutive week of gains in U.S. markets. The Dow Jones Industrial Average, NASDAQ and S&P 500 are back approaching their 52-week highs, and the Dow and S&P nearing record highs. We’ll see if Friday brings a gift of gains before the holiday break.
The Canadian dollar traded for 75.29 cents U.S. compared to 74.83 cents U.S. on Wednesday.
U.S. crude futures traded $0.25 lower at $73.97 a barrel, and the Brent contract lost $0.26 to $79.44 a barrel.
The price of gold was up US$8.50 to US$2,056.20.
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