TSX rebounds as commodity prices improve on weak US dollar

TSX rebounds as commodity prices improve on weak US dollar

TSX rebounds as commodity prices improve on weak US dollar With the US dollar having weakened after the Fed’s meeting this week commodity prices and producers’ stocks have gained and pushed the Toronto Stock Exchange higher. Around the world Friday has been a positive one for the markets with Asia, Europe and the US all trading mostly higher. Even Canadian inflation and retail sales data, both of which were disappointing did not stop the TSX from closing in positive territory.

The S&P/TSX Composite Index closed up 68.48 (0.46 per cent)

The NYSE closed higher

Oil is trending higher (Brent $55.04, WTI $45.72 at 4.35pm)

Gold is trending higher

The loonie is valued at U$0.7947 (at 4.35pm)