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Stockhouse @ the Bell: TSX continues stride, Wall Street upbeat

Stockhouse Editorial
0 Comments| July 23, 2019


A broad-based push from a number of sectors helped lift Canada's main stock index up marginally on Tuesday. The energy sector climbed 0.6% as crude prices rose, financials gained 0.5%, while the industrials sector rose 0.1%. On the heels of a congressional deal to extend the US debt limit for two years, the dollar hit a two-week high against several world currencies, easing fears of a government default. However, the British pound lost ground after Pro-Brexit (deal or no deal) champion Boris Johnson won the Conservative Party leadership and will replace Theresa May as the country’s prime minister.
 
The S&P/TSX Composite Index was up 53.80 points to 16,572.68, the TSX Venture Exchange was down 4.92 points to 588.96.
 
The Canadian dollar traded at 76.11 cents US, down from an average of 76.32 cents US on Monday.
 
Crude oil prices were up $0.72 to $56.94.
 
The price of gold was down $7.79 to $1,417.53.
 
In U.S. markets; the Dow closed 177.29 points higher to 27,349.19, the S&P 500 climbed 20.44 points to 3,005.47 and the NASDAQ was up 47.27 more points to 8,251.40.

In world markets; the Nikkei rallied 206.03 points to 21,620.88, the Hang Seng rose 95.54 points to 28,466.48, the FTSE added 42.16 points to 7,556.86, and the DAX jumped 204.64 points to 12,490.74.



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