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Toronto stocks lower, loonie climbs higher after GDP report tops expectations

September 28, 2018 6:23 PM
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In New York, the Dow Jones industrial average was up 44.57 points at 26,484.50. The S&P 500 index was up 5.01 points at 2,919.01, while the Nasdaq composite was up 13.10 points at 8,055.06.

The Canadian dollar traded higher at 77.39 (U.S.) compared with an average of 76.66 cents (U.S.) on Thursday after the Canadian economy grew faster than expected in July, boosting the expectations that the Bank of Canada would raise its key interest rate next month.

The November crude contract was up $1.08 (U.S.) at $73.20 (U.S.) per barrel and the November natural gas contract was down 6.3 cents at $2.99 (U.S.) per mmBTU.

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Source: thestar.com

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