Canada's main stock index hit its highest in nearly 3 years on Tuesday, extending gains to a tenth straight session, as global equity markets responded positively after the Bank of Japan stuck to its stimulative measures to boost the economy. The Japanese central bank kept in place its easy monetary policy and extended special loan programs to support economic growth.
Offsetting the positive sentiment was data showing a slowdown in New York manufacturing in February after it hit a 20-month high in January. The benchmark Canadian index has been driven this year largely by recent gains in shares of gold producers. The TSX is up 3.4 percent so far in 2014, compared with a decline in the S&P 500. The Toronto Stock Exchange's S&P/TSX composite index was up 33.88 points, or 0.24 percent, at 14,088.64. Six of the 10 main sectors on the index were higher.
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