Canada’s main stock index soared higher on Thursday, bolstered by rising gold prices and favourable corporate earnings, the broad gain on the TSX was led by the tech sector.
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As Wall Street sought stability after several days of significant volatility, U.S. stocks climbed after new labour market data supported investors’ confidence in the U.S. economy.
The Canadian dollar traded for 72.82 cents U.S. compared with 72.74 cents U.S. on Wednesday.
U.S. crude futures traded $0.80 higher at $76.03 a barrel, and the Brent contract added $0.71 to $79.04 a barrel.
The price of gold was up US$38.11 to US$2,423.02.
In world markets, the Nikkei was down 258.47 points to 34,831.15, the Hang Seng was up 13.97 points to 16,891.83, the FTSE was down 21.91 points to 8,144.97, and the DAX was up 65.25 points to 17,680.40.
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