​TSX surges on US election and energy recovery

​TSX surges on US election and energy recovery

​TSX surges on US election and energy recovery What a difference a day makes. Yesterday was all about the losses on Bay Street; today has been all about gains. While gold bullion was losing value, energy stocks were recovering the losses from yesterday when Saudi oil prices were reduced. Today’s news that US oil production was far lower than forecast last week helped recovery in Canada’s energy equities. There was also positive news on earnings from auto parts maker Magna International and coffee chain Tim Hortons among others. The S&P TSX Composite Index closed up 157.82 points (1.10 per cent). US indexes were mostly higher.