Tuesday 1 April 2014

TSX advances as Fed hopes drive broad gains

A sign displaying TSX information is seen in Toronto By John Tilak TORONTO (Reuters) - Canada's main stock index rose on Tuesday, continuing to get support from Monday's U.S. Federal Reserve assertion of its willingness to keep on buttressing the U.S. economy. Fed Chair Janet Yellen defended the central bank's easy monetary policy on Monday, indicating that stimulative measures to boost the U.S. economy will be necessary for some time to come. Her remarks rallied global markets and helped the Canadian benchmark stock index record a ninth straight monthly gain in the previous session. "We're picking up from where we left off yesterday," said Colin Cieszynski, senior market analyst at CMC Markets Canada.




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