S&P/TSX composite rises to highest level in a month on broad-based rally

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TORONTO — Strong U.S. earnings and supportive economic data powered North American stock markets higher with Canada's main index hitting a one-month high.

The S&P/TSX composite index closed up 201.47 points to 20,819.94.

In New York, the Dow Jones industrial average was up 534.75 points at 34,912.56. The S&P 500 index was up 74.46 points at 4,438.26, while the Nasdaq composite was up 251.79 points at 14,823.43.

The Canadian dollar traded for 80.83 cents US compared with 80.35 cents US on Wednesday.

The November crude contract was up 87 cents at US$81.31 per barrel and the November natural gas contract was up 9.7 cents US$5.69 per mmBTU.

The December gold contract was up US$3.20 at US$1,797.90 an ounce and the December copper contract was up 11.55 cents at US$4.63 a pound.

This report by The Canadian Press was first published Oct. 14, 2021.

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

The Canadian Press

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