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S&P/TSX composite up more than 600 points, U.S. stocks also rally higher

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Canada's main stock index was up more than 600 points in a broad-based rally, while U.S. stock markets also stormed higher after a report showing the annual pace of inflation in the United States eased in October.

In New York, the Dow Jones industrial average was up 938.04 points at 33,451.98. The S&P 500 index was up 165.51 points at 3,914.08, while the Nasdaq composite was up 607.09 points at 10,960.27.The December crude contract was up 82 cents at US$86.65 per barrel and the December natural gas contract was up 23 cents at US$6.09 per mmBTU.

The December gold contract was up US$37.10 at US$1,750.80 an ounce and the December copper contract was up eight cents at US$3.78 a pound.

 

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