TSX Posts Biggest Gain in Seven Months
Canada main stock index rallied by the most in seven months following the US midterm elections. Financial and metal mining shares led the gains as investors weighed potential relief from trade and geopolitical uncertainty.
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Canada's main stock index rallied 809.12 points, or 2.3%, to 36,341.40 on Wednesday in its biggest daily gain in seven months. The S&P/TSX Composite Index reached its highest closing level since September 4, driven by broad-based market relief. The rally followed the Democratic Party winning control of Congress in United States midterm elections, which investors view as a check on presidential policies.
