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S&P/TSX composite posts gain Monday on energy strength, U.S. markets also rise

The S&P/TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, Nov. 11, 2022. Financial markets have flip-flopped all week as analysts say a crisis in confidence over the banking sector has led to a dramatic shift in expectations for the central bank's fight against inflation, and has made a recession more likely. THE CANADIAN PRESS/Tijana Martin. TIJ

Canada’s main stock index began the week by posting a gain of more than 130 points, fueled by strength in energy stocks, while U.S. markets also rose.

The S&P/TSX composite index was up 131.71 points at 19,519.43.

In New York, the Dow Jones industrial average was up 382.60 points, or 1.2 per cent, at 32,244.58.The S&P 500 index was up 34.93 points at 3,951.57, while the Nasdaq composite was up 45.03 points at 11,675.54.

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The Canadian dollar traded for 73.13 cents US compared with 72.81 cents US on Friday.

The May crude contract was up 89 cents at US$67.82 per barrel and the April natural gas contract was down 12 cents at US$2.22 per mmBTU.

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The April gold contract was up US$9.30 at US$1,982.80 an ounce and the May copper contract was up six cents at US$3.95 a pound.

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