· TSX +158.10 to 13,097.82 (CP)
Back up over 13,000 points after a stronger than expected reading on American retail sales made traders feel more confident about the recovery prospects of the American economy. The U.S. Commerce Department reported that retail sales in May declined 0.2 per cent, against the 0.7 per cent slide that economists expected.
· DOW +123.14 to 12,076.11
After U.S. Federal Reserve Chairman Ben Bernanke urged Republicans to support raising the U.S. borrowing limit. He said threatening to block the increase to gain deeper federal spending cuts could backfire and worsen the economy.
· Dollar +.83c to 103.21c USD
The good news from Canada's largest trading partner helped push the Canadian dollar up, and was also helped along by oil prices which shook off early losses following the retail report
· Oil -$1.99 to $97.30USD per barrel
· Gold +$8.80 to $1524.40 per ounce
