North American stock markets rallied Friday to close a week of losses with big gains, propelled by a more than 12 per cent jump in crude oil prices. The March contract for crude oil shot up US$3.23 a barrel to US$29.44. Toronto Stock Exchange’s S&P/TSX composite index was up 293.87 points or 2.4 per cent at 12,381.24. In New York, the Dow Jones industrial average closed up 313.66 points at...
North American stock markets rallied Friday to close a week of losses with big gains, propelled by a more than 12 per cent jump in crude oil prices. The March contract for crude oil shot up US$3.23 a barrel to US$29.44. Toronto Stock Exchange’s S&P/TSX composite index was up 293.87 points or 2.4 per cent at 12,381.24. In New York, the Dow Jones industrial average closed up 313.66 points at...