Markets
TSX jumps at open as Fed stimulus calms markets
The Toronto Stock Exchange's S&P/TSX composite index was up 710.27 points, or 6.33pc, at 11,938.76.
Canad
- The Toronto Stock Exchange's S&P/TSX composite index was up 710.27 points, or 6.33pc, at 11,938.76.
Canada's main stock index rose at the opening bell on Tuesday, as investors around the world took comfort from the US Federal Reserve's offer of unlimited bond-buying.
Although market players did not expect the measure to mitigate the impact of the coronavirus pandemic, but hoped it could avert a global depression with the help of other state rescue packages.
The United States was also nearing a deal on a $2 trillion economic rescue package.
At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 710.27 points, or 6.33pc, at 11,938.76.
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