After commodity prices rose sharply, the Toronto Stock Exchange closed at a record high and the U.S. market rose

As commodities such as gold and oil benefited from a weaker U.S. dollar on Thursday, major Canadian stock exchanges closed at a record high.

The S&P/TSX composite index rose 81.38 points to 20,311.78.

In New York, the Dow Jones Industrial Average rose 153.60 points to 35,084.53. The S&P 500 Index rose 18.51 points to 4,419.15, while the Nasdaq Composite Index rose 15.68 points to 14,778.26.

The Canadian dollar/U.S. dollar exchange rate was 80.32 cents, compared with 79.58 cents on Wednesday.

The September crude oil contract rose US$1.23 to US$73.62 per barrel, and the September natural gas contract rose 9.2 cents to nearly US$4.06 per mmBTU.

The December gold contract rose $31.20 to $1,835.80 per ounce, and the September copper contract rose nearly 4.2 cents to $4.52 per pound.

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