TSX Closes Higher Amid Less Geopolitical Risk, Positive Chinese Data

 

The Toronto stock market closed higher amid an easing of tensions in the conflict between Ukraine and Russia and reassuring inflation data from China.

 

The S&P/TSX composite index ran up 65.33 points to 15,261.64.

 

The Canadian dollar was ahead 0.43 of a cent to 91.58 cents US.

 

U.S. indexes were also positive as traders felt more inclined to take on risk, following reports Friday that Russia called an end to military exercises near Ukraine and withdrew troops to their bases.

 

« We’re seeing a little bit of that risk abate and I would caution investors about getting too complacent on one side or the other when it comes to geopolitical tensions, » said Craig Fehr, Canadian markets specialist at Edward Jones in St. Louis.

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Via:CTV News