TORONTO – Strength in base metal stocks helped lead modest but broad-based gains on Canada’s main stock index, while U.S. markets ticked higher.
The S&P/TSX composite index closed up 85.85 points at 20,957.74.
In New York, the Dow Jones industrial average was up 141.24 points at 38,521.36. The S&P 500 index was up 11.42 points at 4,954.23, while the Nasdaq composite was up 11.32 points at 15,609.00.
A day without major earnings or economic data gave investors some time to digest the moves of the past week, said Stephen Duench, vice-president and portfolio manager for AGF Investments Inc.
U.S. markets recently reached record heights even as expectations for an interest rate cut were pushed back from March amid ongoing economic strength.
So on a quieter day, it’s a “huge positive” that markets…
