Sep 12, 2012 / 6:47 am
The Toronto stock market was higher after Germany's high court rejected calls to block the European Union's permanent rescue fund.
The S&P/TSX composite index ran ahead 42.1 points to 12,262.55.
Opponents had challenged Germany's ratification of the European Stability Mechanism, which is a new, $(E)500-billion bailout fund for the eurozone. Germany's ratification of the bailout mechanism is key, because the fund cannot work without the country's participation.
The Canadian dollar was off 0.11 a cent to 102.64 cents US ahead of an expected announcement Thursday by the U.S. Federal Reserve that it is launching another round of economic stimulus.
New York's Dow Jones industrials climbed 38.25 points to 13,361.61, the Nasdaq was up 12.43 points to 3,116.96 while the S&P 500 index gained 4.26 points to 1,437.82.
Oil slipped a dime to US$97.07 a barrel .
Read more Business News
|QHR Technologies Inc||0.55||-0.03|
|Anavex Life Sciences||0.53||0.00|
|Copper Mountain Mining||1.52||-0.16|
The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...
It appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...
Getintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
- Loonie dips over a quarter
- Taxman and the offshore tax havens
- Sharktopus views turns on YouTube TV
- Social media makes Disney blink
- BCE looks to cut $170 million
- TD Bank: Loonie could fall to 90 cents US
- Mixed results for North American markets
- Ex-Enron CEO cuts new deal
- Canadian dollar nudges upward