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North American markets partially rallied from the deep hit they endured to start the week amid the escalating U.S.-China trade war.

The S&P/TSX composite index closed up 91.12 points to 16,284.53.

In New York, the Dow Jones industrial average was up 207.06 points at 25,532.05. The S&P 500 index was up 22.54 points at 2,834.41, while the Nasdaq composite was up 87.47 points at 7,734.49.

The Canadian dollar traded at an average of 74.24 cents US compared with an average of 74.33 cents US on Monday.

The June crude contract was up 74 cents at US$61.78 per barrel and the June natural gas contract was up 3.8 cents at US$2.66 per mmBTU.

The June gold contract was down US$5.50 at US$1,296.30 an ounce and the July copper contract was up 0.6 of a cent at US$2.72 a pound.