Canada Stock Market (TSX) Today (October 16): Why is the Canadian Stock Market Up Today? S&P/TSX Composite Hits Six-Week High at 36,390 as Mining Stocks Rally - Check Top Gainers & Losers
India, Oct. 16 -- Canada Stock Market (TSX) Today (October 16): Canada's stock market extended its recovery on Friday, October 16, as stronger metal prices encouraged investors to buy mining shares and energy stocks helped push the benchmark to a six-week high. The S&P/TSX Composite Index was reported at 36,390.46, up 253.36 points, or 0.70%, as resource companies led the advance. The rally followed Thursday's sharp 553-point jump, giving Canadian equities further momentum after a volatile week.
Mining stocks attracted attention as copper, gold and silver prices strengthened, while energy shares also advanced. Denison Mines, Orla Mining and Equinox Gold featured among the reported gainers. However, the advance was not broad-based: real e...
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