The S&P/TSX composite index gained 89.63 points, or 0.74%, to 12,198.89. Only four of the 10 sub-indexes advanced but among those were two of the three heavyweights – materials, which rose 3.41%, and energy, up 1.02%. Bank stocks, which led the previous day’s advance, fell dragging the financials sector down 1.05%.
A US$3.59 jump in the price of oil, to US$82.89 a barrel, combined with another new record price for gold, which closed at US$1,781.30 an ounce, a gain of US$41.30, drove the TSX increases on a day when U.S. markets continued to decline…
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