CANADA STOCKS-TSX may open higher after central bank decisions

Thu Apr 4, 2013 8:23am EDT
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April 4 (Reuters) - Canada's main stock index looked set to open higher after the European Central Bank and the Bank of England left interest rates unchanged, and the Bank of Japan introduced aggressive monetary easing measures.


* The Bank of Japan unleashed the world's most intense burst of monetary stimulus, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.

* The European Central Bank kept interest rates on hold on Thursday, waiting to see if a recession-hit economy perks up and whether an aggressive policy move by the Bank of Japan helps the euro zone.

* The Bank of England opted not to pump new money into Britain's stagnant economy, despite a new remit that gives it clearer leeway to disregard above-target inflation.

* American employers likely hired at a moderate pace in March, suggesting the economy is gathering momentum despite the onset of across-the-board federal spending cuts.

* A huge drop in French business activity meant the euro zone's recession dragged on in March but British services firms provided a rare glimpse of economic sunshine, posting their best month since August.

* Dominion Diamond Corp, formerly Harry Winston Diamond Corp, on Wednesday reported an increase in fourth-quarter sales on rising demand in the United States, China and India.   Continued...