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

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© Provided by The Canadian Press

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.

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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.

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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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