Another day of gains has sent the Toronto Stock Exchange higher again today as the energy sector rallied again. The Fed’s ‘patient’ stance on US interest rates together with optimistic notes from Japan and Russia and some further rebounds in the oil price have increased risk-taking in the global markets. With some investors seeking bargains and some sectors feeling the benefits of lower fuel costs it has turned into a good week on the TSX. Energy stocks were up again with weekly gains well into double figures and gold producers have also gains; 7 of the 10 major sectors advanced.
The S&P TSX Composite Index closed 121.51 (0.85 per cent)
The NYSE closed higher
Oil is trending up
Gold is trending down
The loonie is slightly up against the US dollar