March 31st, 2020

Toronto stock market posts first back-to-back rally since COVID-19 crisis

By The Canadian Press on March 25, 2020.

A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO – Canada’s main stock index posted its first back-to-back rally since the COVID-19 crisis began to hit stocks last month as stimulus measures appear set to become a reality in Canada and the U.S.

The S&P/TSX composite index closed up 568.15 points or 4.5 per cent at 13,139.28.

In New York, the Dow Jones industrial average was up 495.64 points at 21,200.55. The S&P 500 index was up 28.23 points at 2,475.56, while the Nasdaq composite was down 33.56 points at 7,384.29.

The Canadian dollar traded for 69.92 cents US compared with an average of 69.01 cents US on Tuesday.

The May crude contract was up 48 cents at US$24.49 per barrel and the May natural gas contract was down 1.5 cents at US$1.71 per mmBTU.

The April gold contract was down US$27.40 at US$1,633.40 an ounce and the May copper contract was up 2.4 cents at US$2.20 a pound.

This report by The Canadian Press was first published March 25, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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