Toronto, U.S. stock markets solidly higher
North American markets posted solid gains as traders took in encouraging developments in the Greek debt negotiations ahead of a crucial weekend meeting, while a rebound on Chinese markets gained further traction.
The S&P/TSX composite index closed up 132.58 points at 14,411.07, also helped by a report that showed a big increase in fulltime employment in June despite an overall loss of 6,400 jobs as 71,200 part-time positions were eliminated.
In New York, Dow Jones industrial soared 211.79 points to 17,760.41, although the widely watched index ended the week only slightly above where it started. The Nasdaq index shot up 75.30 points to 4,997.70 and the S&P 500 advanced 25.31 points to 2,076.62.