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North American markets rally; recover some of last week’s losses

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, November 11, 2022. THE CANADIAN PRESS/ Tijana Martin. TIJ

North American markets moved higher Monday as investor sentiment rallied in the aftermath of what was the worst week for stocks so far this year.

The S&P/TSX composite index was up 40.94 points at 20,260.13.

In New York, the Dow Jones industrial average was up 72.17 points at 32,889.09. The S&P 500 index was up 12.20 points at 3,982.24, while the Nasdaq composite was up 72.04 points at 11,466.98.

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The Canadian dollar traded for 73.68 cents US compared with 73.41 cents US on Friday.

The April crude contract was down 64 cents at US$75.68 per barrel and the April natural gas contract was up 18 cents at US$2.73 per mmBTU.

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The April gold contract was up US$7.80 at US$1,824.90 an ounce and the May copper contract was up six cents at US$4.01 a pound.

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