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Latest Headlines
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Dec 16, 2009 1:24:00 PM MST
Toronto Stock Exchange ends higher as metals stocks continue rise (Dollar-Markets)
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TORONTO _ The Toronto stock market ended higher as metal prices got a boost from the weaker U.S. dollar, and the U.S. Federal Reserve kept interest rates unchanged, as expected.
The S&P/TSX composite index closed up 96.02 points to 11,637.04.
The gold sector was on the rise, climbing 1.5 per cent, as the February bullion contract lifted $13.20 to close at US$1,136.20 an ounce on the New York Mercantile Exchange. The U.S dollar eased from a three-month high Wednesday ahead of the Federal Reserve´s announcement on interest rates.
TSX energy stocks rose 1.5 per cent as the January crude contract moved up $1.97 to US$72.66 a barrel on the Nymex.
The Canadian dollar ended ahead 0.08 of a cent to 94.30 cents US.
The U.S. Fed said it will end extraordinary supports for the economy in the coming year. The timeline was laid out after the group left interest rates near zero, as expected, but also said that weakness in the job market is "abating."
On Wall Street, the Dow Jones industrials lost 10.88 points to 10,441.12. The Nasdaq composite index was up 5.86 points to 2,206.91, while the S&P 500 index increased 1.25 points to 1,109.18.
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