TSX moves higher on U.S. data | Toronto Star

Posted by Ravi Gulati | Posted in Economy & Markets | Posted on 28-11-2013

The Toronto stock market closed slightly higher Thursday amid reassuring economic data from the United States………..

Sharply lower oil prices helped push the Canadian dollar down 0.59 of a cent to 94.38 cents U.S..

The TSX gold sector led advances, up 1.2 per cent as traders bought into a segment that is down almost 50 per cent year to date as gold prices have also fallen amid speculation that the U.S. Federal Reserve is set to taper its monthly $85 billion (U.S.) of bond purchases, which have kept rates low and supported a stock market rally. Also, inflation is very low in many parts of the world.

TSX moves higher on U.S. data | Toronto Star.