North Amer­i­can stock mar­kets smash new records

Cape Breton Post - - CLASSIFIEDS/BUSINESS - THE CANA­DIAN PRESS

The Toronto stock market climbed to a new record high, bol­stered by a ma­jor deal that saw the par­ent com­pany of Tim Hor­tons and Burger King buy Popeyes Louisiana Kitchen for US$1.8 bil­lion.

The S&P/TSX com­pos­ite in­dex jumped 83.74 points at 15,922.37, as shares in Cana­dian multi­na­tional fast-food com­pany Restau­rant Brands In­ter­na­tional (TSX:QSR) soared seven per cent at the close.

Ma­jor New York in­dexes also fin­ished above pre­vi­ous records, with the Dow Jones in­dus­trial av­er­age gain­ing 118.95 points at 20,743 points, the S&P 500 up 14.22 points at 2,365.38, and the Nas­daq com­pos­ite adding 27.37 points at 5,865.95.

North Amer­i­can stock mar­kets had been closed on Mon­day for Fam­ily Day in On­tario and Pres­i­dent’s Day in the U.S.

In cur­rency mar­kets, the Cana­dian dol­lar was at 76.12 cents US, down 0.22 of a U.S. cent.

Com­modi­ties were mixed with the April crude con­tract adding 55 cents to US$54.33 a bar­rel, and April nat­u­ral gas down 26 cents at US$2.69 per mmBTU.

The April gold con­tract lost 20 cents at US$1,238.90 an ounce and March cop­per con­tracts were up four cents at US$2.75 a pound.

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