Dow hits record high, TSX rises as Trump win continues to lift market

The Toronto Stock Exchange edged higher and the Dow Jones Industrial average opened at a record high on Monday, driven by financial stocks, after the index capped off its best week since 2011 following Donald Trump’s unexpected victory in the U.S. presidential election. Stock markets around the world were affected by a continued selloff in the global bond market as investors looked for more clarity regarding Trump’s policies. Oil prices were at around three-month lows as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC would reach a deal to cut output.
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