Market: S&P/TSX composite up more than 600 points



Canada’s most important stock index was up more than 600 points in a broad-based rally, whereas U.S. stock markets additionally stormed increased after a report displaying the annual tempo of inflation within the United States eased in October.

The S&P/TSX composite index was up 633.83 points at 19,978.08.

In New York, the Dow Jones industrial common was up 938.04 points at 33,451.98. The S&P 500 index was up 165.51 points at 3,914.08, whereas the Nasdaq composite was up 607.09 points at 10,960.27.

The Canadian greenback traded for 74.77 cents US in contrast with 74.18 cents US on Wednesday.

The December crude contract was up 82 cents at US$86.65 per barrel and the December pure gasoline contract was up 23 cents at US$6.09 per mmBTU.

The December gold contract was up US$37.10 at US$1,750.80 an oz. and the December copper contract was up eight cents at US$3.78 a pound.

This report by The Canadian Press was first printed Nov. 10, 2022.


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