TORONTO _ The Toronto stock market closed higher as stocks continued to find lift from this week's positive Chinese and U.S. economic data, along with a generally upbeat slate of earnings news.
The S&P/TSX composite index climbed 53.87 points to 14,500.39.
The Canadian dollar advanced 0.04 of a cent to 90.8 cents US as the consumer price index rose 0.6 per cent in March from the previous month. That was higher than the 0.4 per cent reading that economists had expected.
U.S. indexes were mixed as traders balanced a string of positive earnings reports from companies including The Goldman Sachs Group Inc. (NYSE: GSC, Stock Forum) and General Electric Co. (NYSE: GE, Stock Forum) against earnings disappointments from International Business Machines (NYSE: IBM, Stock Forum)
and Google Inc. (NASDAQ: GOOGL, Stock Forum).
The Dow Jones industrials was 16.31 points lower at 16,408.54, the Nasdaq gained 9.29 points to 4,095.52 and the S&P 500 index was up 2.54 points to 1,864.85.
The TSX gained 1.7 per cent this week and the Dow rose 2.38 per cent.
For news about small stocks that made big moves in Thursday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report