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TSX registers small advance after heavy losses; oil prices move higher

2015-01-07 23:08:02| Apparel - Topix.net

The Toronto stock market closed modestly higher Wednesday as investors tried to mount a relief rally after two days of punishing losses sparked by a collapse in oil prices to below US$50 a barrel and worries about the effects of such a decline. But the rally largely fizzled as the S&P/TSX composite index came down from a 180-point run-up early in the morning to close up 38.23 points at 14,285, regaining little of the more than 500-point plunge over the previous two sessions.

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