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Monday, March 7, 2016

Canada: Toronto stock market soars as U.S. indexes flatten, loonie advances

Canada's largest stock market continues to outpace its American counterparts, with a triple-digit gain this March 7.

The Toronto Stock Exchange's S&P/TSX index was up 162.03 points or 1.2 per cent after about two hours of trading, rising to 13,374.53.

In New York, the major indexes were hovering just above or below Friday's close.

The Dow Jones industrial average was up 19.52 points at 17,026.29, the broader S&P 500 composite index was down 3.34 points at 1,996.65 and the Nasdaq composite index was down 9.59 points at 4,707.44.

The Canadian dollar was at 75.10 cents US, up 0.05 of a U.S. cent.

The April crude contract was up $1.11 at US$37.03 per barrel and April natural gas was up four cents at US$1.70 per mmBtu.

The April gold contract fell $2.80 to US$1,266.90 an ounce.

Toronto stock market soars as U.S. indexes flatten, loonie advances - Business - The Telegram