Stocks, the Canadian dollar and commodities all soared Friday in the wake of an agreement among European leaders to a set of prescriptions for their debt crisis.
But analysts questioned how long the rally would hold.
In Toronto, the S&P/TSX composite index closed up 171.86 points, or 1.5 per cent, at 11,596.56.
In New York, the Dow Jones industrial average jumped 277.83 points, or 2.20 per cent, at 12,880.09. The Standard & Poor’s 500 index rose 33.12 points, or 2.49 per cent, at 1,362.16. The Nasdaq composite index gained 85.56, or three per cent, at 2,935.05.
The loonie jumped 1.40 cents to 98.22 cents US, thanks in part to surging commodity prices. Read More…