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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.

The Canadian Press


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S&P TSX14301.42+73.74
S&P CDNX811.151.02
DJIA16353.31-27.10
Nasdaq4293.994+35.556
S&P 5001896.11+9.35
CDN Dollar0.8864-0.0001
Gold1244.80+5.80
Oil81.45-0.17
Lumber330.80-3.80
Natural Gas3.671-0.095

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.110.00
Cantex0.055-0.025
Anavex Life Sciences0.1995+0.0095
Metalex Ventures0.05+0.005
Russel Metals32.12-0.23
Copper Mountain Mining1.95+0.01
Colorado Resources0.15+0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.46+0.01

 



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