Canada Stocks Close Higher; Sectors Mixed; Investors Shrug Off Lack of US Debt Deal

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Canadian stocks closed higher on Tuesday up 39 points shrugging off news that the US congress was unable to put through debt ceiling deal just two days before the deadline. Sectors were mixed with Metals and Mining leading the broader markets higher.

Stocks were able to close at session highs despite declining US stocks, that closed at session lows. Late in the afternoon, the US Senate announced that they would hold off putting through a proposal on a debt deal until the House of Representative were able to generate their own new proposal.

Energy Fuels Inc. (EFR.TO) was the most active share on the TSX closing down 14% with 11.5 million shares changing hands. There was no fresh specific stock news driving volume.



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This article appears in: Investing , Commodities

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