TORONTO — Geopolitical turmoil boosted the prices of oil and gold, helping the Toronto stock market to a slightly higher close.The S&P/TSX composite index climbed 25.45 points to 13,407.83, led by gains in gold and energy stocks.The Canadian dollar rose 0.36 of a U.S. cent to 75.14 cents US.In New York, markets initially turned lower following the downing of the Russian plane by Turkey and a Conference Board report that showed American consumer confidence in November was at its lowest level since September 2014.However, U.S. indexes later recovered and the Dow Jones industrials finished the day up 19.51 points at 17,812.19, while the broader S&P 500 added 2.55 points to 2,089.14 and the Nasdaq edged up 0.33 of a point to 5,102.81.On commodity markets, the January contract for benchmark crude oil rose $1.12 to US$42.87 a barrel, while December gold advanced $7 to US$1,073.80 an ounce. The January contract for natural gas shed two cents to US$2.32 per mmBtu, while December copper added three cents to US$2.05 a pound.
The move comes as the growing diversification and globalization of the industry presents new challenges that must be addressed even though there has been substantial progress in improving the safety of nuclear power plants worldwide, according to the Vienna-based International Atomic Energy Agency (IAEA). The Agency said the recommendations made last month in Beijing by delegates from 37 countries to the IAEA Conference on Topical Issues in Nuclear Safety outline steps it can take to develop future international cooperation and programmes. These measures include better analysis of what happens as a result of low-level occurrences in order to prevent worse incidents, encouraging more transparency in nuclear safety issues, and creating international management approaches to the long-term operation of nuclear power facilities. “We must seek out ways to share lessons learned in as deep and wide a manner as possible,” Tomihiro Taniguchi, IAEA Deputy Director General for Nuclear Safety and Security told the closing session of the conference, held from 18 to 22 October. “Self sustaining networks within and between Member States based on strategic knowledge management are key to achieving this objective.”