TSX up for fifth con­sec­u­tive ses­sion

Cape Breton Post - - BUSINESS EXTRA -

TORONTO — The Toronto stock mar­ket was solidly ahead Thurs­day as Canada’s main in­dex en­joyed its fifth con­sec­u­tive ad­vance. At mid-af­ter­noon, the S&P/TSX com­pos­ite in­dex was up 57.75 points at 14,720.03 de­spite fall­ing energy and min­ing is­sues. On the com­mod­ity mar­kets, the Au­gust gold con­tract was off $3.10 at US$1,144.30 an ounce, while Au­gust crude fell 22 cents to US$51.90 a bar­rel and Au­gust nat­u­ral gas gave back six cents to US$2.85 a thou­sand cu­bic feet. Mean­while, the Cana­dian dol­lar was down 0.17 of a U.S. cent at 77.23 cents, af­ter hav­ing slumped 1.09 cents Wed­nes­day in the wake of the de­ci­sion by the Bank of Canada’s to cut its pol­icy rate 25 ba­sis points to 0.5 per cent.

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