Canadian stocks surge

Toronto, Jan 23 : Canada’s main stock market in Toronto continued to rise over rising international oil prices.

The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index gained 353.72 points, or 2.94 percent, to close at 12,389.58 points on Friday, Xinhua news agency reported.

Seven of the TSX index’s eight main sectors went up.

Both the US WTI oil and Brent crude soared over 9 percent in hope of stimulus from Eurozone.

The European Central Bank (ECB) kept its key interest rates at record low levels on Thursday and suggested more stimulus in March to lift weak inflation.

The Canadian dollar traded higher at $0.7067, compared with Thursday’s closing rate of $0.7003.


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