TSX advances as strong economic data compensates for lack of Fed clarity

TORONTO - The Toronto stock market closed higher, with mining stocks leading gains on the back of strong manufacturing reports from China and Europe.

The S

Traders' patience was sorely tried after technical difficulties led to a halt of Nasdaq traded stocks from around midday to about a half hour before the 4 p.m. EDT close. The index closed up 38.92 points at 3,638.71.

The outage didn't affect TSX trading. Elsewhere in New York, the Dow Jones industrial average was ahead 66.19 points to 14,963.74 and the S

The Canadian dollar was lower amid a weaker than expected retail sales report for June, losing 0.39 of a cent to 95.09 cents US. Growing speculation the U.S. Federal Reserve will start to ease up on its economic stimulus has also sent the greenback higher, putting pressure on the loonie.

And oil gained $1.18 to US$105.03 a barrel.