Home / Insurance Tips / TSX, Wall Street surge, Canadian dollar gains almost a full cent

TSX, Wall Street surge, Canadian dollar gains almost a full cent

Wall Street was higher on Wednesday, on track for a third straight day of gains, led by gains in energy and materials as oil prices held on to their gains.

TORONTO – Rising oil along with other commodity prices helped push the Toronto stock exchange higher for that third straight session as investors warmed to indications of an improving economy coming.

The S&P/TSX composite index advanced 312.18 points or 2.49 percent to 12,867.16, a lot more than making up ground lost inside a five-day string of downturns last week. The resource-heavy market benefited especially from metals and mining stocks, which gained a lot more than 13 percent.

The Canadian dollar also soared, up 0.93 of a US cent to 72.97 cents US.

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