TORONTO MARKET SOARS TO START TRADING WEEK

Aug 07, 2012

By Michael Kramer

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The Toronto stock market soared as commodities drove the market ahead and investors were feeling more upbeat about Europe. The S&P/T-S-X composite index closed up 201 points to 11,864, with every sector posting gains. Much of the activity came from metals and mining stocks. On Wall Street, traders found a renewed sense of optimism about the economy, with better earnings results than expected from several U-S companies. And U-S employers posted the most job openings in four years… a positive sign that hiring may pick up. The loonie ended the day above parity, at 100.25 cents U-S, up 44 100ths of a cent from Friday’s close.

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