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TSX, Canadian dollar boosted by climb in oil prices


The Toronto Stock Exchange pushed higher today on a broad-based rally, partly driven by a climb in oil prices.

The S&P/TSX composite index was up 87.36 points in late morning trading at 14,538.05.

The Canadian dollar was up 0.19 of a cent at 75.87 cents U.S.

On the commodity markets, the November contract for crude oil climbed 95 cents to $ 44.57 (U.S.) per barrel, while the October contract for natural gas fell 3.6 cents to $ 2.912 per mmBtu.

Raw-materials and energy producers added at least 0.4 per cent. Gold and silver rebounded from their lowest close this month ahead of key interest rate meetings of the Fed and Bank of Japan this week. Silver Wheaton Corp. and Teck Resources Ltd. increased more than 1 per cent.

The December gold contract gained $ 6.90 to $ 1,317.10 per ounce.

In New York, the Dow Jones industrial average was up 85.40 points at 18,209.20, while the broader S&P 500 index was up 9.67 points at 2,148.83.

The Nasdaq composite was up 17.60 points at 5,262.17.

With files from Bloomberg

TORONTO STAR | BUSINESS