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Nov 2, 2011

TSX rises 1 percent after two-day slump

TORONTO, Nov 2 (Reuters) – Toronto’s main stock index
rallied on Wednesday after two days of sharp declines,
finishing up 1 percent as U.S. economic data and stronger
commodity prices helped offset fears about the looming Greek
referendum on the euro zone’s bailout package.

Copper, oil, gold and base metals prices responded
positively to a U.S. Federal Reserve statement that offered a
moderately brighter economic outlook and appeared to leave open
the door for further easing.

Nov 2, 2011

TSX gains on U.S data, but Greek fears weigh

TORONTO, Nov 2 (Reuters) – Toronto’s main stock index rose
on Wednesday, following two days of sharp losses on Greek debt
concerns, as upbeat U.S. jobs data and firmer commodity prices
pushed energy and mining stocks higher.

Oil, copper and other commodities all rose following their
vicious sell-off on yesterday’s surprise announcement of a
Greek referendum vote on a euro zone rescue package.

    • About Jon

      "Jon Cook is a new media veteran, having worked online since 1996. Jon has specialized in startups, having cut his teeth as an editor/reporter at Canoe.ca for 12 years; contributing to its growth as one of Canada's premier online news destinations. Before coming to Reuters Jon helped launch the GlobeandMail.com's small business section - The Business Incubator - producing stories, podcasts and video interviews that illustrated the intense challenges facing today's entrepreneurs. Jon is a hybrid journalist who has been regularly published online, as well as in newspapers across the country and has appeared on television, including the CBC. ..."
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