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Fed's positive economic outlook moves S&P/TSX composite higher for third straight day

·1 min read

TORONTO — A positive economic and employment outlook by the U.S. Federal Reserve propelled North American stock markets higher for a third straight day and pared losses in the choppy month of September.

The S&P/TSX composite index closed up 60.44 points to 20,461.93.

In New York, the Dow Jones industrial average was up 506.50 points at 34,764.82. The S&P 500 index was up 53.34 points at 4,448.98, while the Nasdaq composite was up 155.39 points at 15,052.24.

The Canadian dollar traded for 79.03 cents US compared with 78.39 cents US on Wednesday.

The November crude contract was up US$1.07 at US$73.30 per barrel and the November natural gas contract was up 18.8 cents at US$5.04 per mmBTU.

The December gold contract was down US$29.00 at US$1,749.80 an ounce and the December copper contract was down 2.1 cents at US$4.23 a pound.

This report by The Canadian Press was first published Sept. 23, 2021.

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

The Canadian Press

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