TSX gains as strong US retail sales euro data drive commodity prices

TORONTO — The Toronto stock market is positive as U.S. retail sales surged last month while Germany posted stronger than expected growth in the second quarter.The S&P/TSX composite index climbed 34.36 points to 11,872.69. The Canadian dollar was up 0.15 of a cent to 100.91 cents US.The Dow Jones industrials gained 29.11 points to 13,198.54 as retail sales rose 0.8 per cent in July, much better than the 0.3 per cent advance that economists had expected.And Germany, Europe’s biggest economy, posted 0.3 per cent growth in the second quarter, beating expectations of a 0.2 per cent increase.The Nasdaq composite index was up 6.68 points to 3,029.2 and the S&P 500 index rose 3.75 points to 1,407.86.Oil rose 69 cents to US$93.42 a barrel.