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Technology Toronto hits record close, while U.S. markets also gain ground

09:21  10 july  2018
09:21  10 july  2018 Source:   cbc.ca

Toronto stocks higher, U.S. markets also gain

  Toronto stocks higher, U.S. markets also gain The industrials sector helped lift Canada's main stock index at late-morning, while U.S. stock markets also climbed higher as technology companies and banks rose.  The S&P/TSX composite index was up 48.90 points to 16,420.68, after 90 minutes of trading.

The base metals and industrial sectors helped Canada's main stock index close at a record high Monday, while U . S . stock markets also climbed higher as technology companies and banks rose. S&P/TSX composite index closed up 80.56 points at 16,452.34, its highest close on record .

The base metals and industrial sectors helped Canada's main stock index close at a record high Monday, while U . S . stock markets also climbed higher as technology companies and banks rose.

a man sitting in front of a computer screen: Traders work on the floor of the New York Stock Exchange in New York in this July 6 photo. Stocks were up across North America on Monday following positive economic data from Canada and the U.S. last week, market watchers said.© Brendan McDermid/Reuters Traders work on the floor of the New York Stock Exchange in New York in this July 6 photo. Stocks were up across North America on Monday following positive economic data from Canada and the U.S. last week, market watchers said.

The base metals and industrial sectors helped Canada's main stock index close at a record high Monday, while U.S. stock markets also climbed higher as technology companies and banks rose.

Stocks were up across North America following positive economic data from Canada and the U.S. last week, said Craig Fehr, a Canadian markets strategist with Edward Jones in St. Louis.

Energy stocks help lift Toronto market

  Energy stocks help lift Toronto market TORONTO - Energy stocks helped lift Canada's main stock index at late morning as the price of oil also ticked higher.  The S&P/TSX composite index closed up 96.38 points at 16,548.72 to top the record close set a day earlier. In New York, the Dow Jones industrial average ended up 143.07 points at 24,919.66.

The base metals and industrial sectors helped Canada's main stock index close at a record high Monday, while U . S . stock markets Stocks were up across North America following positive economic data from Canada and the U . S . last week, said Craig Fehr, a Canadian markets strategist with

The labour data showed healthy job spread in both countries, while investors are also looking ahead to multitudinous positive data coming from the upcoming The S &P/TSX composite index near up 80.56 points at 16,452.34, its highest close on record . In New York, the Dow Jones industrial mean closed

"I'd say the real catalyst here is a bit of a distraction from what's been weighing on markets recently, which has been a fear of a budding trade war, and that distraction is coming in the form of some strong and encouraging economic data."

The labour data showed healthy job growth in both countries, while investors are also looking ahead to more positive data coming from the upcoming earnings season, said Fehr.

A potentially more trade-friendly version of Brexit from the British government also lent some help to markets, but was more of an additive to the main economic story closer to home, he said.

The S&P;/TSX composite index closed up 80.56 points at 16,452.34, its highest close on record.

In New York, the Dow Jones industrial average closed up 320.11 points at 24,776.59. The S&P; 500 index ended up 24.35 points at 2,784.17 and the Nasdaq composite index was up 67.81 points at 7,756.20.

Broad rally helps Toronto market hit new high

  Broad rally helps Toronto market hit new high A broad-based relief rally helped Canada's main stock index close at a record high Thursday after markets retreated globally a day earlier, while U.S. stock markets also pushed higher. The Toronto Stock Exchange's S&P/TSX composite index closed up 150.10 points or 0.91 per cent at 16,567.42 to top the record high set on Tuesday.

The base metals and industrial sectors helped Canada’s main stock index close at a record high Monday, while U . S . stock markets also climbed higher as technology companies and banks rose.

Toronto hits record close , while U . S . markets also gain ground . A broad rally in Toronto allowed Canada's main stock index to close the quarter with a triple-digit gain Thursday as U . S . markets also posted strong results.

The U.S. went ahead with $34 billion in tariffs on Chinese goods Friday with China retaliating with its own taxes on U.S. goods, but the move was already factored into markets and there was no further escalation over the weekend, said Fehr.

"I would say it was something that had already largely been baked into the cake."

The Canadian dollar averaged 76.35 cents US, up 0.04 of a US cent. The loonie moved higher last week after the jobs data increased expectations of a rate hike. The Bank of Canada announces its rate decision on July 11.

The August crude contract closed up five cents at $73.85 US per barrel and the August natural gas contract ended down three cents at $2.83 US per mmBTU.

The August gold contract closed up $3.80 at $1,259.60 US an ounce and the September copper contract was up three cents at $2.85 US a pound.

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