TORONTO — Strength in base metal and utilities stocks helped Canada’s main stock index rise more than 150 points on Thursday, while U.S. stock markets also climbed higher.
TORONTO — Strength in base metal and utilities stocks helped Canada’s main stock index rise more than 150 points on Thursday, while U.S. stock markets also climbed higher.
Markets made a partial recovery after slumping the day before, with the TSX falling more than one per cent on Wednesday.
The S&P/TSX composite index closed up 164.92 points at 20,765.73.
In New York, the Dow Jones industrial average was up 322.35 points at 37,404.35. The S&P 500 index was up 48.40 points at 4,746.75,while the Nasdaq composite was up 185.92 points at 14,963.87.
After weeks of strength on the market, a down day was bound to happen, said Brianne Gardner, senior wealth manager with Velocity Investment Partners at Raymond James Ltd.
“Looking from a technical…
