S&P/TSX composite posts best day since June after temporary U.S. debt-ceiling truce

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TORONTO — Canada's main stock index posted its strongest day in more than four months following a temporary truce in the U.S. debt-ceiling standoff that could have resulted in a government default.

The S&P/TSX composite index closed up 224.55 points at 20,416.21, with information technology and energy leading the triple-digit increase.

In New York, the Dow Jones industrial average was up 337.95 points at 34,754.94. The S&P 500 index was up 36.21 points at 4,399.76 while the Nasdaq composite was up 152.11 points at 14,654.02.

The Canadian dollar traded for 79.63 cents US compared with 79.28 cents US on Wednesday.

The November crude contract was up 87 cents at US$78.30 per barrel and the November natural gas contract was up 0.2 of a cent at nearly US$5.68 per mmBTU.

The December gold contract was down US$2.60 at US$1,759.20 an ounce and the December copper contract was up 9.6 cents at US$4.24 a pound.

This report by The Canadian Press was first published Oct. 7, 2021.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

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