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Article: UNited States : Buffet deal for US railway lifts TSX industrials.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
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Byline: rakshali03
The Toronto stock market closed higher Tuesday but the rise was mainly due to gold surging to a record high close, railway stocks that benefited from major acquisition activity south of the border and higher oil prices.
It was a volatile session on the S&P/TSX composite index, which had been down as much as 124 points in early trading but finished the day 147.55 points higher at 11,025.9.
The showing helped the TSX claw back some of the loss of more than five per cent from the previous seven sessions as investors worry about whether economic conditions can support the sharp gains racked up since March.
"The bar is ...