TSX down again
TORONTO — The Toronto stock market was sharply lower for a second day as investors apparently failed to take heart from news from overseas that appeared to cheer markets south of the border. The TSX S&P/TSX composite index closed down 133.58 points at 14,278.49, adding to a 212-point decline on Canada's main market the previous session. In New York, it was a different story amid renewed optimism that a deal was in the works between Greece and its creditors and signs that measures by Beijing to stem the rout on China's stock markets appeared to be working. The Dow Jones industrial average closed well off its highs for the day, but was still up 33.20 points at 17,548.62 after having plunged more than 261 points on Wednesday. The Nasdaq rose 12.64 points to 4,922.40 and the S&P 500 advanced 4.63 points to 2051.31. On commodity markets, the August gold contract fell $4.30 to US$1,159.20 an ounce, but August crude oil gained $1.13 to US$52.78 a barrel after having retreated all week. The Canadian dollar also halted its recent skid, rising 0.21 of a U.S. cent to 78.70 cents.