Toronto stock market resumes upward move while U.S. markets surge

Toronto stock market resumes upward move while U.S. markets surge
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TORONTO — Canada’s main stock index resumed its upward trajectory as investors responded to the Federal Reserve’s dovish outlook from Wednesday and supportive economic data at home.

The S&P/TSX composite index closed up 77.03 points to 16,244.59.

In New York, the Dow Jones industrial average was up 216.84 points at 25,962.51. The S&P 500 index was up 30.65 points at 2,854.88, while the Nasdaq composite was up 109.99 points at 7,838.96.

The Canadian dollar traded at an average of 74.82 cents US compared with an average of 75.09 cents US on Wednesday.

The May crude contract was down 25 cents at US$59.98 per barrel and the April natural gas contract was up one tenth of a cent at US$2.82 per mmBTU.

The April gold contract was up US$5.60 at US$1,307.30 an ounce and the May copper contract was down 1.5 cents at US$2.91 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

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