North American stock markets continued their recovery from big declines felt around the world early this week.
The S&P TSX composite index surged more than 300 points or 2.32 per cent higher by mid-morning on Thursday. In New York, the Dow Jones industrial average rose 217 points (1.33 per cent) while the Nasdaq gained 75 points (1.6 per cent). Shares of U.S. blue chips listed in the S&P 500 advanced 29.5 points (1.5 per cent).
Major European indexes were up and China’s Shanghai index and Japan’s Nikkei closed higher, hours before the North American market open.
The Canadian dollar was up half of a U.S. cent, gaining 0.53 to 75.59 cents US.
MORE: North American stock markets stage dramatic surge to cap volatile day
On the commodity markets, the December gold contract rose $1.30 to US$1,125.90 an ounce, the October crude contract was up $1.40 at US$40 a barrel and the October contract for natural gas was down three cents at US$1.29.
On Wednesday, the S&P/TSX index in Toronto soared 230.66 points, or 1.75 per cent, to close at 13,381.591 and the Dow Jones industrial average in New York shot up 619.07 points or almost four per cent to 16,285.51.
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