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21.12.2018 02:31
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TORONTO Homme Nike Air Force 1 Low 07 Blanche Metallic Or Blanche Pas Cher , July 16 (Xinhua) -- Canada's main stock market on Wednesday soared more than 100 points to refresh a six-year closing high after the country's central bank decided to keep the benchmark interest rate at 1 percent.


The Toronto Stock Exchange's benchmark S&PTSX Composite Index racked up 145.02 points, or 0.96 percent, to 15,226.34 points, with seven of the eight major sectors logging big gains.


Equities market in Toronto was boosted by a bundle of positive economic catalysts.


Financials, the most weighed sector, strengthened 0.68 percent in direct response to the announcement by the Bank of Canada to maintain overnight rate target at 1 percent. The central bank expected that a weaker Canadian dollar and a projected strengthening in global demand will lead to a pickup in Canadian exports and business investment and, eventually, a more sustainable growth.


Meanwhile, investors' confidence was boosted by U.S. Federal Reserve Chair Janet Yellen's remarks Wednesday that the U.S. central bank is roughly on track to begin to raise short-term interest rates in the third quarter of 2015, and will continue to prop up the U.S. economy with economic stimulus measures.


Many big Canadian banks hailed the moves of the two central banks. Royal Bank of Canada rose 0.64 percent to 79.70 Canadian dollars (about 74.17 U.S. dollars), while Toronto-Dominion Bank rallied 0.49 percent to 55.52 Canadian dollars, and Bank of Nova Scotia also added 0.63 percent to 73.22 Canadian dollars per share.


The TSX was also lifted after Statistics Canada reported Wednesday that manufacturing sales rose 1.6 percent to 51.6 billion Canadian dollars in May, the fourth increase in five months, largely due to higher sales in petroleum, coal product and motor vehicle.


The energy sector and the industrial sector benefited from the positive data, rising 1.37 percent and 0.6 percent respectively, when Canadian Natural Resources Ltd. jumped 1.54 percent to 48.14 Canadian dollars and Canada's automotive supplier Magna International Inc. added 0.07 percent to 119.03 Canadian dollars.


The telecom sector logged the biggest gain of 1.45 percent in TSX, with Telus up 1.34 percent to 38.56 Canadian dollars apiece.


By contrast, the Info-tech sector became the biggest loser by shrinking 2.12 percent when BlackBerry suffered a sharp dive of 11. 7 percent to 10.72 Canadian dollars after Apple and IBM announced that they plan to launch a partnership this fall, and IBM will make business-themed applications that will be pre-loaded on iPhones and iPads.


On the currency front, the Canadian dollar went up to 0.9306 U. S. dollar from 0.9295 U.S. dollar on Tuesday.


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