Canada Stocks Climb; Notch Up 5-year Highs; Putin Comments Drive Gains

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Canadian stocks rallied on Tuesday, notching up 5-years highs. All sectors were higher led by Healthcare.

Comments by Russian President Vladimir Putin prior to the opening bell buoyed stocks and help generate momentum throughout the trading session. Putin stated that Crimea as a province was the only interest Russia had in annexation which created a relief rally.

In economic data released earlier Tuesday, Manufacturing sales rose 1.5% to $50.4 billion in January, the largest gain since February 2013. The increase mostly reflected higher sales in the primary metal, food and miscellaneous industries, according to Statistics Canada.




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This article appears in: Investing , Commodities

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