© Reuters.
Investing.com – Canada’s main stock index, the S&P/TSX Composite gained 0.64% by the close to add 139 points, just shy of the 22,000 level.
The TSX’s gains posted it’s third consecutive day of gains, receiving a boost from miners, as prices jumped to their highest in seven months after a joint production cut agreed on by smelters in China. Rising gold prices also helped the heavyweight materials sector rise 3%
The also gained a boost from energy shares, with crude prices settling 2.68% higher to hit $79.64 a barrel, supporting the Canadian index’s energy sector to a 1.7% gain.
Crude prices rose after attacks on Russian refineries, hopes for Fed rate cuts, and healthy signs of demand in the U.S. as the EIS reported that Weekly stockpiles fell by 1.5M barrels last week.
The biggest gainers of the session on the S&P/TSX Composite were First Quantum Minerals (TSX:) Ltd . (TSX:FM), which rose 12.49% or…
