The TSX Composite recovered magnificently, 191.13 points, to kick off Thursday at 20,791.94.
The Canadian dollar restored 0.18 cents at 75.04 cents U.S.
Among individual stocks to look out for, BlackBerry reported a surprise third quarter profit, but its fourth quarter revenue forecast fell short of analyst estimates. The company once known as Research in Motion took a header in the first hour, 71 cents, or nearly 13%, to $4.77.
On the economic calendar, retail sales increased 0.7% to $66.9 billion in October. Sales were up in seven of nine subsectors and were led by increases at motor vehicle and parts dealers.
As well, the number of employees receiving pay and benefits from their employer decreased by 44,600 in October, offsetting an increase of 36,200 in September and following little variation in July and August.
ON BAYSTREET
The TSX Venture Exchange gained 5.28 points to 544.10.
All 12 subgroups were up to start Thursday, led by gold, up 1.7%, materials, ahead 1.5%, and utilities, tallying 1.3%.
ON WALLSTREET
The Dow Jones Industrial Average jumped Thursday morning, rebounding from the index’s worst day since October as Treasury yields fell and the year-end rally resumed.
The blue chips sprang back to life 201.23 points to open Thursday at 37,283.23.
The S&P 500 recouped 29.24 points to 4,727.48.
The NASDAQ regained 99.95 points, or 1.5%, to 14,877.89.
Micron jumped 7% after the memory chipmaker posted quarterly results that beat expectations, and offered current-quarter guidance that exceeded analysts’ consensus forecasts. Salesforce gained more than 2% following an upgrade from Morgan Stanley.
From their late October closing lows through Tuesday, the Dow and S&P 500 both jumped more than 15%. The NASDAQ Composite surged roughly 19% over the same period.
Prices for the 10-year Treasury paled, raising yields to 3.88% from Wednesday’s 3.86%. Treasury prices and yields move in opposite directions.
Oil prices fell 74 cents to $73.48 U.S. a barrel.
Gold prices jumped eight dollars at $2,054.70.
