The Toronto stock market moved slightly higher at the open as traders dealt with heightened political uncertainty caused by worries over whether a new Italian government will follow through on necessary financial reforms to deal with its huge debt.
The initial results of the Italian election showed the centre-left coalition led by Pier Luigi Bersani appears to have won a narrow victory in the lower house of parliament while the Senate looks split with no party in control.
The S&P/TSX composite index edged up 8.55 points to 12,659.42 while the Canadian dollar advanced 0.21 of a cent to 97.52 cents US.
U.S. indexes were higher amid a strong earnings report from Home Depot and positive news from the housing sector showing prices continuing to rise.
The Dow Jones industrials were up 75.65 points to 13,859.82, the Nasdaq composite index gained 9.07 points to 3,125.32 and the S&P 500 index climbed 7.06 points to 1,494.91.
Read more Business News
- Challenge pro field heats upPenticton / S. Okanagan - 4:10 pm
- Knox, Dilworth parks reopenKelowna - 4:23 pm
- Underwear run a big hitPenticton / S. Okanagan - 3:07 pm
- Puppy attacked at parkKelowna - 11:34 am
|QHR Technologies Inc||1.20||-0.01|
|Anavex Life Sciences||0.265||+0.005|
|Copper Mountain Mining||2.99||+0.11|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.26||+0.045|
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...
Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...