CANADA STOCKS-TSX ends day, week higher as investors cheer cbank moves

Fri Jan 23, 2015 4:49pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 15.37 points, or 0.1 percent, at 14,779.35

* Six of 10 main index sectors advance

* Index climbs 3.3 percent this week

* Energy shares climb with Brent oil price

By John Tilak

TORONTO, Jan 23 (Reuters) - Canada's main stock index edged higher on Friday and recorded a sharp weekly gain as investors welcomed moves by the Bank of Canada and the European Central Bank earlier this week.

The Canadian central bank unexpectedly cut interest rates on Wednesday, while the ECB announced a massive stimulus plan on Thursday to try to boost a sagging euro zone economy.

The benchmark TSX extended gains after jumping during the previous two sessions. It rose 3.3 percent this week, its strongest in six.

"It's in general been very good for the markets," said Roland Chalupka, chief investment officer of Fiduciary Trust Canada, a unit of Franklin Templeton Investments.   Continued...