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Toronto stock index edges up after holiday, U.S. benchmarks continue to gain

TORONTO -- The main index on the Toronto Stock Exchange emerged from its long weekend slumber with some positive momentum while markets in New York were similarly upbeat.

The S&P/TSX composite index, which was closed Monday for the Civic Holiday, was up 17.67 points to 15,275.64 after 90 minutes of trading today.

The Dow Jones industrial average, which had set a record high close Monday of 22,118.42, was ahead 31.82 points to 22,150.24.

Elsewhere on Wall Street, the S&P 500 index edged up 3.58 points to 2,484.49 and the Nasdaq composite index advanced 8.77 points to 6,392.54.

The Canadian dollar continued its recent dip, trading at 78.81 cents US, down from Friday's average price of 79.13 cents US.

The September crude contract slipped 17 cents from Monday to US$49.22 per barrel and the September natural gas contract was unchanged at US$2.80 per mmBTU.

The December gold contract declined $2.70 to US$1,255.50 an ounce and the September copper contract was unchanged at US$2.91 a pound.

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