The S&P/TSX composite index surged 160.63 points to 13,712.62. Investors also kept an eye on Cairo, where more than a quarter-million people pressed demands for President Hosni Mubarak to leave.
The Canadian dollar gained against the greenback, rising 1.07 cents to close at 100.92 cents US, as risk aversion receded.
Data from the Institute for Supply Management showed its index of manufacturing activity rose last month to 60.8, up sharply from 57 in December.
Oil prices relaxed after two days of strong gains on worries that unrest in Egypt could spread, down $1.42 to US$90.77 a barrel.
New York’s Dow Jones industrial average closed up 148.23 points at 12,040.16. The Nasdaq composite index gained 51.11 points to 2,751.19 and the S&P 500 index rose 21.46 points to 1,307.58. For the latest updates PRESS CTR + D or visit Stock Market news Today
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