Thursday, November 24, 2011

Toronto stock market, commodity prices november 24 2011

Toronto stock market, commodity prices november 24 2011 : The Toronto stock market racked up a modest gain as commodity prices climbed amid some better-than-expected German economic figures.

The S&P/TSX composite index gained 32.6 points to 11,604.31 while the Canadian dollar was up 0.13 of a cent to 95.5 cents US.

Germany’s Ifo Institute reported that its monthly confidence index for Europe's biggest economy rose slightly to 106.6 in November from 106.4 the previous month. Also, German gross domestic product growth in the third quarter met expectations of 2.5 per cent on a year-to-year basis.

The readings helped calm nerves in the markets, a day after Germany suffered one of its worst bond auctions since the creation of the euro in 1999.

Lower crude inventory figures for the U.S. helped push oil up 43 cents in electronic trading on the New York Mercantile Exchange to US$96.60 a barrel.

U.S. markets were closed for the Thanksgiving holiday. For the latest updates on the stock market, visit Stock Market Today
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