CANADA STOCKS-TSX breaks 5-day slump as pick-up in risk appetite boosts financials [Reuters (UK)]
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Source: Reuters
CANADA STOCKS-TSX breaks 5-day slump as pick-up in risk appetite boosts financials | Reuters Reuters Staff 3 Min Read * TSX closes up 54.98 points, or 0.37 percent, at 15,040.30 * Eight of the TSX’s 10 main groups end higher * Financials gain 0.7 percent * Tahoe Resources soars 33.7 percent By Fergal Smith TORONTO, Sept 11 (Reuters) - Canada’s main stock index, which had fallen for five straight days, rose on Monday after Hurricane Irma weakened and North Korea refrained from conducting a missile test, with financial shares and Tahoe Resources leading the rally. Gains for the Toronto market came as the S&P 500 posted a record high close. Irma caused less damage than expected in Florida, while geopolitical tensions eased after North Korea did not test-fire missiles over the weekend, which some had feared. “There is a clear risk-on tilt to the market today,” said Ian Scott, equity analyst at Manulife Asset Management. The financials group rose 0.7 percent as global bond yields, which ha
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