23 Mar WRAPUP 1-Canada’s TSX rebounds from 8-year low on stimulus hopes
Canada’s main stock market
rallied on Tuesday, rebounding from an eight-year low the day
before, as hopes rose that global stimulus measures will ease
the economic impact of the coronavirus pandemic.
The Toronto Stock Exchange’s S&P/TSX composite index
surged 8.5% to 12,183.59, after hitting its lowest
intraday level since October 2011 at 11,172.73 on Monday. Since
peaking in February, the index has tumbled about 32%.
“I und
rallied on Tuesday, rebounding from an eight-year low the day
before, as hopes rose that global stimulus measures will ease
the economic impact of the coronavirus pandemic.
The Toronto Stock Exchange’s S&P/TSX composite index
surged 8.5% to 12,183.59, after hitting its lowest
intraday level since October 2011 at 11,172.73 on Monday. Since
peaking in February, the index has tumbled about 32%.
“I und
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