CANADA STOCKS-TSX closes higher on banks, U.S. data
Toronto's main stock index finished the session higher on Tuesday on strength in financial
shares after Bank of Montreal (BMO.TO) kicked off quarterly earnings results for Canada's big banks with a surprisingly strong performance.
Also helping investor sentiment was rosier-than-expected U.S. housing and consumer confidence data and news that Ben Bernanke was nominated as chairman of the U.S. Federal Reserve for a second term, which ended uncertainty about the central bank's leadership as the economy climbs out of recession.
[ID:nN25205751][ID:nLP233065]
The S&P/TSX composite index .GSPTSE unofficially closed up 127.34 points, or 1.18 percent, at 10,917.31.
(Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson)
© Copyright Thomson Reuters 2024. All rights reserved.