Arab Today, arab today canadian stock market rises on us fiscal deal
Last Updated : GMT 14:20:32
Arab Today, arab today
Arab Today, arab today

Canadian stock market rises on US fiscal deal

Arab Today, arab today

Arab Today, arab today Canadian stock market rises on US fiscal deal

Toronto - XINHUA

The Canadian stock market closed modestly higher Thursday amid relief that the US government successfully avoided a potential debt default in the last minute. The Toronto Stock Exchange\'s benchmark S&P/TSX Composite Index rose 79.15 points, or 0.61 percent, to finish Thursday\'s trading at 12,036.36. The US Senate and House of Representatives passed a measure Wednesday night that reopens and funds the government through Jan. 15 and permits the U.S. Treasury to borrow normally through Feb. 7. Traders also paid attention to a batch of earnings reports from a number of companies on the North American market. Gold stocks lifted the Toronto stock market as bullion prices moved up more than 3 percent. Shares in Barrick Gold surged almost 5 percent to 19.06 Canadian dollars (about 18.51 U.S. dollars). Goldcorp Inc. increased 3.48 percent to 25.26 Canadian dollars a share. Financial sector also rose 0.5 percent. Bank of Nova Scotia jumped 1 percent to 60.81 Canadian dollars a share and shares of Royal Bank of Canada were up 0.5 percent to 68.74 Canadian dollars apiece. Information technology stocks led decliners, down more than 1 percent. BlackBerry shares went up 0.24 percent to 8.44 Canadian dollars. At closing, the Canadian dollar closed up at 0.9716 U.S. dollars at 5 p.m. local time (2100 GMT) Thursday, compared with 0. 9684 U.S. dollars Wednesday.

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