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TORONTO, July 16 (Reuters) - Canada's benchmark stock index closed higher on Thursday, its fifth straight gain, as bank shares basked in the afterglow of a Bank of Canada interest rate cut.
The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 68.80 points, or 0.47 percent, at 14,731.08. Seven of the index's 10 main industry groups gained. (Reporting by Alastair Sharp, editing by G Crosse)