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HomeBusiness ReportAFTER THE CLOSE: TSX and Dow rally at end of trading day

AFTER THE CLOSE: TSX and Dow rally at end of trading day

The TSX has rebounded today up 24 points to 16,414 after a sluggish start this morning.

CN Rail is flying high after positive earnings results. Shares are up $5.00 to $116.00.

Meanwhile, a meeting at the White House between President Trump and the European Union Chief resulted in a fairly positive outlook.

A fair trade deal was top of mind with Trump stating to reporters that if there were no tariffs, barriers or subsidies, America would be extremely pleased.

On the back of a strong day from tech stocks and Trump’s comments, the Dow rallied from earlier losses, moving up 117 points to finish at 25,364.

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The Dow was weighed down earlier today after General Motors cut its earnings outlook for 2018. GM’s stock dropped 5.3-percent.

Oil finished $0.86 higher at $69.37 a barrel.

Gold jumped $6.80 to $1,232.00 an ounce.

And the Canadian dollar moved up over half a cent to $0.7671 U.S.

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