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TSX Rises Amid Further Signs U.S. Housing is on The Rebound

TORONTO — The Toronto stock market is higher amid a solid earnings report from the biggest U.S. home improvement retailer and positive U.S. economic data.
The S&P/TSX composite index ran up 46.79 points to 15,385.26.

The Canadian dollar lost 0.2 of a cent to 91.66 cents US.

U.S. markets were higher as economic data showed tame inflation during July and housing starts which surged last month to the highest level in eight months.

The Dow Jones industrials was ahead 34.13 points to 16,872.87, while the Nasdaq was up 6.32 points to 4,514.63. The S&P 500 index rose 3.92 points to 1,975.66.

Home Depot Inc. reported quarterly profit that increased by 14% to $2.05 billion, or $1.52 per share, beating estimates of $1.44 a share. Its shares jumped more than 4%.

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