The TSX was boosted today by events thousands of miles from Canada. Global shares were higher after China announced new stimulus measures for its dragging economy while Europe hinted that it was ready to do more for its weak inflation. However, a surprise rise in Canada’s inflation and forecasts that it may rise further in the short term curbed the gains. The loonie advanced amid speculation that higher inflation could prompt the Bank of Canada to increase interest rates faster.
The S&P TSX Composite Index closed up 35.95 (0.24 per cent)
The NYSE closed higher.
Gold and oil are both trending up.
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