Published on 15 Feb 2024 on Reuters via Yahoo Finance
TSX posts biggest gain in two months as resource shares jump
By Purvi Agarwal and Fergal Smith
(Reuters) -Canada's main stock index on Thursday posted its biggest gain in two months, with resources leading broad-based gains as weaker-than-expected U.S. retail sales data raised prospects of an early start to Federal Reserve interest rate cuts.
The Toronto Stock Exchange's S&P/TSX composite index ended up 333.29 points, or 1.6%, at 21,222.69. It was the index's biggest gain since Dec. 13 but stopped short of its recent 21-month high at 21,227.87.