TSX down again

Cape Breton Post - - BUSINESS EXTRA -

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.

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