Global market recovery is spreading into North America. This comes after the Turkish Lira pulled out of its financial tailspin from yesterday with help from the country’s Central Bank.
A revival in crude prices is also helping boost the markets as Saudi Arabia slows its output. US crude is up to 67.98 a barrel.
The TSX is gaining 58 points to 16,309 and across the border the Dow is up 117 points to 25,305.
The Loonie is also getting a health boost from the oil rebound, growing to 76.42 cents US.
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Traders are watching Cryptocurrency as the market has dropped significantly today. Experts say investors in things like Bitcoin are in selloff mode, putting cash in other assets.
