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S&P/TSX Composite Ends in the Green as U.S. Markets Rise
The index fell 95.09 points as financial stocks led losses, even as the S&P 500 and Nasdaq rose in U.S. trading.
Canada's main stock index fell nearly 100 points in late-morning trading on Thursday, though the TSX composite index recovered to close up 20.60 points at 36,834.25.
Financial sector losses weighed on the TSX composite index during morning trading, while the index continued to look past escalating trade tensions to finish the day higher.
In New York, the Dow Jones industrial average gained 230.87 points to 53,694.75, while the Nasdaq composite climbed 411.15 points to 26,541.35 on Thursday.
Energy and precious metals markets showed mixed results, with The October crude oil contract rising $1.30 to $83.53 per barrel while The December gold contract fell $6.30 to $4,647.00 an ounce.
Trading at 72.14 cents US on Thursday, The Canadian dollar strengthened slightly from Wednesday's close of 72.07 cents, reflecting steady foreign exchange activity.
The Toronto Stock Exchange was down nearly 100 points in the late morning of Thursday, with losses in the financial sector, while the major U.S. indices were increasing.