Investors breathed a collective sigh of relief over the glad tidings south of the border the U.S. debt ceiling, and showed that relief by going on something of a buying spree.
The TSX bounced 352.38 points, or 1.8%, to end Friday at 20,024.63. The TSX suffered its sixth straight week of declines if losses hold, its longest weekly losing streak in over a year. This week, even with Friday’s gains, the index faltered 326 points, or 1.6%.
The Canadian dollar eked up 0.12 cents to 74.49 cents U.S.
All but two of the TSX subgroups were in positive country, led by the energy sector, in which Baytex was the main star, adding 28 cents, or 6.3% to $4.71, while Headwater Exploration grabbed 42 cents, or 6.5%, to $6.88.
Among consumer discretionary concerns, Gildan Activewear gained $1.03, or 3.7%, to $28.78, while Magna International jumped $3.16, or 4.8%, to $68.75.
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