MARKETS SURGE UPWARD AT THE END

Oct 02, 2015

By Michael Kramer

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Stock markets in North America saw an upsurge – on strength in metals and mining and energy issues.

Toronto’s S*P/TSX composite index reversed it’s early backslide following a weak U.S. jobs report – rising 97.85 points to 13,339.74.

The U.S. Labor Department reports that employers added 142,000 workers in September – much lower than the 200,000 anticipated on Wall Street.

The number sent U.S. government bond prices higher – and that drove down the American dollar against most other major currencies, including the loonie – which was up 0.52 of a U.S. cent – to 75.96 cents.

In New York, the Dow Jones industrial average rose 200.36 points to 16,472.37, while the broader S&P added 27.54 points. The Nasdaq gained 80.70 points to 4,707.78.

Oil advanced 80 cents to settle at US$45.54 a barrel – while gold saw an uptick of $22.90 to US$1,136.60 an ounce.

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