Canadian dollar and crude prices continue their recovery, TSX also up

TORONTO -- Oil, the Canadian dollar and the Toronto stock market were all rallying today for the second consecutive day in late morning trading.

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The loonie was at 70.64 cents US, up 0.61 of cent from Thursday's close, which marked the first time in a week that the dollar settled above the 70-cent US mark.

Oil climbed to US$31.30, an increase of $1.77.

The Toronto Stock Exchange also surged by 278.02 points at 12,313.88.

In New York, the Dow Jones industrial average was up 134.78 points at 16,017.46, the S&P 500 rose 27.38 points to 1,896.37 and the Nasdaq gained 86.53 points at 4,558.59.

Gold was up $2.20 at US$1,100.40 an ounce.


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