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AFTER THE BELL: Lira, Financials Sector lifts TSX into positive territory

It was a bounce back trading day across North America.

Boosted by energy and financials, Canada’s stock exchange snapped a two-day losing streak by finishing 79 points higher to 16,330.

Powering the financials sector was a lift in the share price of TD Bank, Manulife Financial, and Royal Bank of Canada.

Also helping the TSX was a slight recovery of the Turkish lira. Turkey’s currency strengthened six percent after the country pledged to provide liquidity to its banking sector.

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Strong US corporate results combined with the recovery of the Turkish lira factored into a positive day on Wall Street.

The Dow trading 112 points higher after the index posted triple digit losses on Monday.

It was also a good day on the Nasdaq which ended up 51 points in the green.

After higher gains earlier in the day, oil traded three cents lower to $67.17 US a barrel.

Gold had its first gain in four sessions, finishing $2.40 higher at $1,194 an ounce, while the loonie made noticeable headway, jumping 39/100ths of a cent to $0.7652 US.

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