Toronto market posts 10th straight week of gains on broad-based rally

Toronto market posts 10th straight week of gains on broad-based rally
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TORONTO — Canada’s main stock index posted its 10th straight week of gains as it was bolstered by a broad-based rally.

The S&P/TSX composite index closed up 69.24 points to 16,068.25 after hitting a five-month high.

In New York, the Dow Jones industrial average was up 110.32 points at 26,026.32. The S&P 500 index was up 19.20 points at 2,803.69, while the Nasdaq composite was up 62.82 points at 7,595.35.

The Canadian dollar traded at an average of 75.41 cents compared with an average of 75.94 cents US on Thursday.

The April crude contract was down $1.42 at US$55.80 per barrel and the April natural gas contract was up 4.7 cents at US$2.86 per mmBTU.

The April gold contract was down US$16.90 at US$1,299.20 an ounce and the May copper contract was down 1.6 cents at US$2.93 a pound.

 

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press

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