Canada Stocks Close Higher; Most Sectors Up; Manufacturing Data Buoys Stocks; Bombardier Most Active

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Canadian stocks closed higher on Monday; fueled by robust PMI manufacturing reports. Most sectors were higher but Metals and Mining capped the markets gains.

In Asian the Chinese government released their official PMI data that came in stronger than expected. The Chinese official manufacturing purchasing managers index, held steady at an 18-month high of 51.4 in November and topped consensus of 51.1. The HSBC print private report, slipped to 50.8 last month from 50.9 in October. In the US, the Institute of Supply Management reported their PMI at 57.3 the highest since April 2011.

Bombardier Inc., was the most active share on the TSX. The company announced today that China's sole specialized regional airline, China Express Airlines, has placed a firm order for three CRJ900 NextGen airliners, as well as entered into conditional purchase agreements for five CRJ900 NextGen aircraft with options on an additional eight CRJ900 NextGen aircraft. The closed close up 0.21% with 6.3 million shares changing hands.



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This article appears in: Investing , Commodities

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