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0 0 0.00301719457013585 0.00301719457013585 -0.00452488687782805 -0.00271493212669681 -0.00272579185520357 -0.00271493212669681
Stock impact report

CANADA STOCKS-TSX closes at 3-week high as rate cut hopes renew [Yahoo! Finance]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
May 6 (Reuters) - Canada's main stock index closed at its highest in over three weeks on Monday, boosted by energy stocks and as investors renewed bets on the Federal Reserve cutting interest rates this year. The Toronto Stock Exchange's S&P/TSX composite index closed up 312.06 points, or 1.42%, at 22,259.47. The materials sector jumped 1.6%, with miners like Capstone Copper and New Gold gaining about 6%, tracking higher prices of precious metals. Energy shares followed with a 1.7% rise as oil prices climbed earlier in the session after Saudi Arabia hiked June crude prices and as narrowing prospects of a Gaza ceasefire deal renewed fears of a widening conflict in the Middle East. "Rate cut bets, the strong corporate earnings, the firming of oil price, a little relief rally in TD Bank after concerns last week, strong commodity pricing... all those things put together... the TSX is playing catch-up," said Barry Schwartz, a portfolio manager at Baskin Financial Services. Share Show less Read more
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