34761
34485
S&P/TSX
14639.88
+9.16
+0.06%
S&P-CDNX
805.53
+3.67
+0.46%
S&P-500
2169.04
-3.43
-0.16%
NASDAQ
5218.92
+6.71
+0.13%
Dow
18395.40
-53.01
-0.29%
Dollar
0.7696
-0.0043
-0.56%
Oil
47.29
-0.04
-0.08%
Gold
1324.00
-0.60
-0.05%
Silver
18.63
+0.14
+0.76%


TSX heads higher

The Toronto stock market was higher amid relief over continued support for economic stimulus from the U.S. Federal Reserve and mixed commodity prices.

The S&P/TSX composite index was ahead 57.85 points to 12,626.62. The Canadian dollar slipped 0.02 of a cent to 96 cents US.

U.S. indexes were mixed amid a strong earnings report from the financial sector as Morgan Stanley beat expectations.

The Dow Jones industrials were 40.31 points higher to 15,510.83, the Nasdaq was down 0.96 of a point to 3,609.04 and the S&P 500 index gained 2.74 points to 1,683.65. Oil was up 41 cents at $106.89 a barrel

Elsewhere on the earnings front, Shoppers Drug Mart (TSX:SC), which is being acquired by Loblaw Cos. Ltd. (TSX:L) in a $12.4 billion deal, posted quarterly earnings of $147 million or 73 cents a share, one cent above expectations.

Traders will also take in a second day of congressional testimony from U.S. Federal Reserve chairman Ben Bernanke. Stocks rose yesterday after Bernanke said the Fed's timetable for reducing its bond purchases, a key element of economic stimulus, was not decided.



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