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TSX solidly higher on rising commodity prices; New York markets mixed

TORONTO - The Toronto stock market closed solidly higher as rising commodity prices helped stem three days of heavy losses.The S&P/TSX composite index was up 74.38 points at 14,817.71, following an almost 214-point drop Monday.In all, Canada's largest stock exchange gave back more than 400 points over the three-day stretch that began with a 135-point drop on Thursday.On the commodity markets, the July crude contract closed up $2 at US$60.14 a barrel, while the August gold contract rose $4 to US$1,177.60 an ounce and July copper added almost two cents to US$2.71 a pound.The loonie, buoyed by the rise in oil prices, gained 0.34 of a U.S. cent to 81 cents.In New York, markets were relatively flat, with the Dow Jones industrial average finishing 2.51 points lower at 17,764.04 and the tech-heavy Nasdaq down 7.76 points at 5,013.87.

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