MARKETS REBOUND

Mar 10, 2020

By Christine Ross

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Canada’s main stock rebounded from the worst one-day decline in more than 30 years and in New York, the gains were even stronger. The bump comes on fiscal stimulus announced by the U.S and a lift in oil prices. President Donald Trump says he’ll propose a temporary payroll tax cut and paid leave for hourly employees unable to work due to the coronavirus. Here are the closing market numbers from Tuesday March 10.

*T-S-X up 443.85 points to 14,958.09
*Dow up 1,167.14 points to 25,018.16
*Nasdaq rose 393.58 points to 8,344.25
*Canadian dollar traded for 72.83 cents US compared to 73.54 cents US Monday
*Oil up US$3.23 to US$34.36 per barrel
*Gold down US$15.40 to US$1,660.30 an ounce

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