S&P/TSX composite gets lift from gold, crude
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MLB
A street sign along Bay Street in Toronto s financial district is shown in Toronto on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette
TORONTO – Canada’s main stock index rebounded Tuesday on gains in the materials and energy sectors as the domestic crude benchmark hit its highest level since 2014.
“Most equity markets in North America are lower except for Toronto. The TSX is once again leading the pack and I think that almost entirely has to do with the composition makeup of the TSX having the much larger cyclical component,” said Craig Jerusalim, portfolio manager at CIBC Asset Management.
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