Resource stocks push TSX, dollar up slightly

TORONTO - Resource stocks helped the Toronto stock market inch slightly higher, while south of the border stocks tumbled for a second straight session.

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The TSX/S&P composite index gained 14.37 points to 13,024.30, after plummeting 156.15 points the previous day as commodities took a beating and investors digested the interest rate hike south of the border.

The loonie was up 0.03 of a U.S. cent to 71.71 cents US.

In New York, The Dow Jones average of 30 stocks plummeted 367.39 points to 17,128.45, the broader S&P 500 index gave back 36.37 points to 2,005.52 and the Nasdaq fell 79.47 points to 4,923.08.

On the commodity markets, the February gold contract rose $15.40 to US$1,065.00 an ounce, the January crude contract declined 22 cents to US$34.73 per barrel and the January contract for natural gas was up 1.2 cents at US$1.767 per mmBtu.

March copper rose seven cents to US$2.11 per pound.



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