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S&P/TSX composite up 241 points as technology shares rise; U.S. markets also higher

S&P/TSX composite up 241 points as technology shares rise; U.S. markets also higher

The S&P/TSX composite index gained 241.27 points to 36,411.72 as U.S. stock indexes also moved higher.

The Story

Canada’s main stock index rose on Wednesday, helped by gains in the technology sector.

The S&P/TSX composite index was up 241.27 points at 36,411.72.

In New York, the Dow Jones industrial average was up 254.60 points at 52,486.49.

The S&P 500 index gained 98.45 points to 7,619.38, while the Nasdaq composite rose 400.31 points to 25,466.19.

In foreign exchange, the Canadian dollar traded at 70.00 cents US, compared with 70.52 cents US on Tuesday, according to XE.com.

In commodities, the December crude oil contract was up 49 cents US to US$86.53 per barrel.

The December gold contract was down US$29.70 to US$4,000.50 an ounce.

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