Canada's energy-laden main stock market in Toronto waged a strong comeback as crude prices bounced up from recent tailspin sell-off.
The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index regained 192.75 points, or 1.63 percent, to close at 12,035.86 points on Thursday, Xinhua news agency reported.
Half of the TSX index's eight main sectors turned positive.
The most influential drags on Thursday were the railways, with Canadian Pacific Railway Limited falling 0.88 percent to 149.84 Canadian dollars a share after it missed profit expectations on lower freight volumes.
The Canadian dollar gained more than one US cent on Thursday as oil prices recovered from their worst one-day plunge since September.
The Canadian dollar closed higher at $0.7003, compared with Tuesday's closing rate of $0.6901.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
