After sharp losses in the previous session, Canada’s main stock index felt the love this Valentine’s Day and posted a solid rebound. This was coupled with a soaring loonie and a modest increase in mineral prices. Industrials led the TSX’s gainers, followed by the financial and tech sectors while energy closed in the red.
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Thanks to a series of strong profit and revenue reports, U.S. indices also moved higher after the Dow Jones Industrial Average posted its biggest decline in nearly a year.
The Canadian dollar traded for 73.82 cents compared to 73.69 cents U.S. on Tuesday.
U.S. crude futures traded $1.24 lower at $76.63 a barrel, and the Brent contract lost $1.22 to $81.55 a barrel.
The price of gold was downUS$0.17 to US$1,991.26.
In world markets, the Nikkei was down 260.65 points to 37,703.32, the Hang Seng was up 132.80 points to 15,879.38, the FTSE was up 56.12 points to 7,568.40, and the DAX was up 64.65 points to 16,945.48.
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