Canada Stocks Close Higher; Notch up Fresh 6-year Highs; Industrials Drive Gains

By
A A A

Canada stocks hit six year highs Wednesday. Most sectors were higher led by Industrials and Info Tech but Healthcare capped gains.

Stocks were buoyed on the open after Canada reported in line GDP data. Real gross domestic product grew 0.2% in February, Statistics Canada said Tuesday. The year over year comparison was up 2.5% which was also in line with expectations.

Statistics Canada said the output of goods-producing industries rose 0.5%, led by increases in mining and oil and gas extraction as well as manufacturing. Utilities also advanced, while construction was unchanged. In contrast, the agriculture and forestry sector declined.


At 2PM the US FOMC announced that interest rates would remain unchanged as expected and the committee would taper their bond purchase program by 10 billion dollars.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

33,974,386
  • $17.98 ▲ 0.28%
20,763,901
  • $91.29 ▲ 2.06%
19,110,793
  • $7.26 ▼ 1.22%
18,528,869
    $8.33 unch
18,014,920
  • $4.19 ▼ 1.18%
16,448,919
  • $25.83 ▼ 0.19%
14,748,190
  • $7.60 ▼ 1.43%
14,144,383
  • $112.01 ▼ 0.47%
As of 12/24/2014, 02:12 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com