Business

Dow, TSX see triple-digit gains, while Canadian dollar retreats

Following news that the United States saw better-than-expected job growth in June, North American stock markets made solid gains on Friday, while the Canadian dollar traded lower.
Traders work on the floor of the New York Stock Exchange shortly after the opening bell on July 6. (Lucas Jackson/Reuters)

Following news that the United States saw better-than-expected job growth in June, North American stock markets made solid gains on Friday, while the Canadian dollar traded lower.

At the close of trading, the S&P/TSX composite index finished with a gain of 125.38 points, ending at 14,259.84.

On Wall Street, the Dow Jones industrial average rose 250.86 points to finish at 18,146.74. The broader S&P 500 was gained 32 points to close at 2,129.90, while the Nasdaq composite index added 79.95 points to reach 4,956.76.

The price for benchmark North American crude oil finished up 27 cents at $45.41 US per barrel.

In foreign exchange trading, the loonie was down 0.22 at 76.69 cents US. The British pound, which has been battered in the wake of the Brexit vote, rose 0.37 of a cent to end the week at $1.2944 US.
0.37 of a cent.

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