TSX up for fifth consecutive session
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.