Markets

CANADA ECONOMICS: TSX Rallies To Near 6-Year High

Canada's S&P/TSX Composite has rallied to a near six-year high, up 85 points on the day, with the market nearing the May 2008 peak at 15,154, says Action Economics. Meanwhile, industrials have rallied 1.3%, paced by a 6% jump in SNC-Lavalin on news that it is selling AltaLink for $3.2 bln in cash. Financials have firmed 0.5%, led by Manulife. The energy sector has rallied 0.8%, helped by firming in crude oil to $99.80/bbl, but also after TransCanada reported Q1 profit that beat estimates. And information technology has advanced 0.7%.

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

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

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