Saturday, May 17, 2008

TSX Near 15,000, Hits Record

TSX Closes At Record...

The benchmark index of the Toronto Stock Exchange rose further into record territory Friday on strength in resource stocks. The S&P/TSX composite index gained 156 points to end the week at 14,984. It went as high as 14,992 in early morning trading. The heavily weighted energy sub-index jumped 2.9 per cent as crude oil futures hit all-time highs in New York trading — up about $2.17 US to $126.29 US a barrel. Traders speculated that China would be boosting its purchases of diesel.

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