Toronto stocks turn positive after Fed rate cut

Wed Jan 30, 2008 2:22pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO Jan 30 (Reuters) - The Toronto Stock Exchange's main index jumped into positive territory on Wednesday afternoon immediately after the U.S. Federal Reserve cut its key interest rate by 50 basis points.

The S&P/TSX composite index .GSPTSE was up 6.64 points at 13,053.07. It was down more than 100 points earlier in the session.

($1=$0.99 Canadian) (Reporting by Jonathan Spicer; Editing by Peter Galloway)