Man facing stock exchange, financial chart overlay

North American stock markets marched to record highs on dissipating virus risks and China saying it would cut tariffs on U.S. imports in half.

The S&P/TSX composite index closed up 105.90 points to a record close of 17,757.49.

In New York, the Dow Jones industrial average was up 88.92 points at 29,379.77. The S&P 500 index was up 11.09 points at 3,345.78, while the Nasdaq composite was up 63.47 points at 9,572.15.

The Canadian dollar traded for US75.24¢ compared with an average of US75.25¢ on Wednesday.

The March crude contract was up US20¢ at US$50.95 per barrel and the March natural gas contract was up one tenth of a cent at US$1.86 per mmBTU.

The April gold contract was up US$7.20 at US$1,570.00 an ounce and the March copper contract was up US1.85¢ at US$2.59 a pound.