TSX Close: TSX Surges 139 Points as Commodities Rise on Fed Action to Revive U.S. Economy

By Midnight Trader,  September 14, 2012, 04:02:09 PM EDT

The Toronto stock market closed sharply higher, building on strong gains from the previous session, as traders embraced the Federal Reserve's bond purchase program, intended to boost the ailing U.S. economy.

The S&P TSX Composite Index finished 139 points higher to 12,499 after peaking at 12,529 earlier Friday.

Energy stocks rallied after crude oil futures flirted with the $100 a barrel mark before closing at $99. The TSX's energy sector climbed 1.4% while materials advanced 3%, paced by gold stocks.

Financials gained 1% led by Manulife Financial (MFC.TO), the day's most actively traded issue, which added 4%.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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