TSX rallies on news of Safeway deal

13 Jun, 2013

TORONTO: Canada's main stock index rebounded on Thursday after days of weakness as worries about central bank stimulus were offset by a jump in Empire Co Ltd , which is buying Safeway Inc's Canadian assets for $5.7 billion.

The Toronto Stock Exchange's S&P/TSX composite index ended the day up 167.24 points, or 1.38 percent, at 12,277.13, recovering from a seven-week low early in the session. All 10 of the index's subgroups were firmer.

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