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Toronto stock market up modestly, as Canada Goose shares take off in IPO



TORONTO — The Toronto stock market was lifted higher by financials and consumer staples stocks, while winter outerwear company Canada Goose soared during its initial public offering.

The S&P/TSX composite index advanced 41.50 points to 15,562.41 as shares in Canada Goose (TSX:GOOS) gained 27 per cent from its opening price of $17 per share, to finish at $21.53.

In New York, the Dow Jones industrial average fell 15.55 points to 20,934.55, the S&P 500 index lost 3.88 points to 2,381.3.8, and the Nasdaq composite index was relatively flat, ahead by 0.71 of a point to 5,900.76.

The Canadian dollar was trading at 74.92 cents US, down 0.23 of a U.S. cent from Wednesday's close.

Gold was a big gainer amid a soft greenback, as the April bullion contract rose $26.40 at US$1227.10 an ounce.

In other commodities, April crude was down 11 cents at US$48.75 per barrel, April natural gas slipped eight cents at US$2.90 per mmBTU, and May copper was up two cents to US$2.68 a pound.

The Canadian Press

Read More: News, Business

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