Sep 11, 2012 / 6:43 am
The Toronto stock market was higher amid hopes that the Chinese and U.S. central banks will move to launch stimulus measures to arrest slowing economies.
The S&P/TSX composite index advanced 32.17 points to 12,247.6 after China's premier promised more tax cuts and measures to boost consumer spending.
The Canadian dollar was up 0.6 of a cent to a 13-month high of 102.9 cents US as the greenback weakened ahead of the Federal Reserve's meeting on interest rates. The Fed is expected to announce another round of quantitative easing, which would see the Fed print more money to buy up bonds in order to keep interest rates low and encourage lending.
New York's Dow Jones industrials gained 25.87 points to 13,280.16.
The Nasdaq advanced 2.76 points to 3,106.78.
Oil is up 53 cents to US$97.076 a barrel.
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|QHR Technologies Inc||0.56||-0.01|
|Anavex Life Sciences||0.475||-0.025|
|Copper Mountain Mining||1.73||-0.02|
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