The Canadian stock market was pushed sharply higher as traders were encouraged by signs that a budget agreement may be reached by the U.S. government soon. All of eight sectors on the main index for the Toronto Stock exchange moved higher after House speaker John Boehner said Republicans are offering legislation that will allow for a temporary increase in the debt ceiling. The Toronto Stock Exchange's benchmark S&P/TSX Composite Index climbed 164.08 points, or 1.29 percent, to finish the day's trading at 12894.41. Boehner said the proposal involves delaying the min-October deadline for the government to raise debt ceiling by six weeks until late November if President Barack Obama agrees to negotiate over ending the partial government shutdown and a longer-term increase in the debt ceiling. The speaker's remarks relieved investors that the U.S. government won't head toward an Oct. 17 deadline when the government starts to run out of money to pay creditors. The energy sector led advancers, up almost 2 percent as the November crude oil contract on the New York Mercantile Exchange moved up 1.25 percent to 102.88 U.S. dollars a barrel. Canadian Natural Resources climbed 4.5 percent to 33.46 Canadian dollars ( 32.12 U.S. dollars) per share after the oil giant provided a preview of its third-quarter results. The metals and mining sector was up 1.63 percent. First Quantum Minerals climbed 2.7 percent to 18.60 Canadian dollars (17.85 U.S. dollars) a share, while Teck Resources rose 1.17 percent to 26.73 Canadian dollars (25.66 U.S. dollars) per share. The information technology sector moved up 1.33 percent. BlackBerry shares closed up five Canadian cents to 8.49 Canadian dollars (8.15 U.S. dollars) apiece on news that two of the smartphone company's co-founders are looking at making a potential takeover bid. At closing, the Canadian dollar closed down at 0.9618 U.S. dollars at 5 p.m. local time (2100 GMT), compared with 0.9622 U.S. dollars on Wednesday.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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