The Toronto stock market began the week with a big triple-digit advance amid continued optimism among traders that the U.S. Federal Reserve will not raise interests rates any time soon.
The S&P/TSX composite soared 212.46 points to close at 13,552.20, bolstered by increases in oil and base metals prices.
In New York, the Dow Jones industrial average added 304.06 points to 16,776.43, adding to a 200-point gain on Friday, while the broader S&P 500 index advanced 35.69 points to 1,987.05 and the Nasdaq gained 73.48 points to 4,781.26.
On commodity markets, the November contract for benchmark crude oil added 72 cents to settle at US$46.26 a barrel, while November natural gas lost 0.1 of a cent to US$2.45 per thousand cubic feet. December gold added one dollar to US$1,137.60 an ounce and December copper gained three cents to US$2.356 a pound.
The loonie also moved higher, up 0.45 of a U.S. cent to close at 76.41 cents US.
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