Energy and financials led the gains for the Toronto Stock Exchange on Thursday as oil prices rebounded from a 6 per cent drop the day before. An appearance by finance minister Joe Oliver; which gave little away ahead of the April 21 budget; and weakened figures on building starts failed to dent the market sentiment and the main index closed with triple-digit gains. Asian markets closed mixed as Shanghai and Sydney declined as Tokyo and Hong Kong gained. European markets closed higher helped by strong auto sales. Wall Street gained on higher oil prices and yesterday’s largely dovish Fed minutes.
The S&P/TSX Composite Index closed up 112.7 (0.74 per cent)
The NYSE closed higher
Oil is trending higher (Brent $56.68, WTI $50.62 at 4.35pm)
Gold is trending lower
The loonie is valued at U$0.7938 (at 4.35pm)