The Canadian economy’s commodity-heavy tilt has returned to being a boon for the nation’s financial markets…
Read the full article at: www.theglobeandmail.com
The Canadian economy’s commodity-heavy tilt has returned to being a boon for the nation’s financial markets.
The benchmark equity index extended the longest winning streak since August to six days on Thursday, as beaten-down energy and mining shares continued a rebound amid a rising resource prices.
The Standard & Poor’s/TSX Composite Index rose 0.81 per cent, or 105.72 points, to 13,123.65 in Toronto, pushing the six-day gain to over 3 per cent. The surge has erased a loss for the year that almost reached 10 per cent in February, leaving the Canadian benchmark and shares in New Zealand as the only markets in the developed world in positive territory.
