Loonie climbs as TSX, Wall Street make gains

TORONTO -- The Canadian dollar showed strength today, gaining more than three quarters of a cent.

The loonie soared by 0.79 of a cent to settle at 73.85 cents US.

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On the markets, investors shied away from broad moves as the Toronto Stock Exchange ended the day relatively flat.

The S&P/TSX composite index added 13.33 points at 12,753.60 as rising financial stocks balanced out lower metal stocks.

Wall Street was firmly in positive territory with the Dow Jones industrial average was ahead 212.30 points at 16,697.29.

The broader S&P 500 composite index climbed 21.90 points at 1,951.70 and the Nasdaq composite index jumped 39.60 points to 4,582.21.

In commodities, the April contract for crude oil slipped 92 cents at US$33.07 per barrel.

The April gold contract lost 30 cents to US$1,238.80 a troy ounce and April natural gas was down five cents at US$1.79 per mmBtu.

May copper dipped three cents to US$2.07 a pound.


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