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Stockhouse @ the Bell: Stocks close higher amid worse than expected economic data from eurozone

Canadian Press, The Canadian Press
0 Comments| August 14, 2014


TORONTO _ The Toronto stock market closed with a modest gain amid dismal economic data from Europe.

The S&P/TSX composite index climbed 28.45 points to 15,291.18. The Canadian dollar was up 0.12 of a cent to 91.72 cents US a day before Statistics Canada releases revised employment data for July.

New York advanced, with the Dow Jones industrials ahead 61.78 points at 16,713.58, the Nasdaq up 18.87 points at 4,453, and the S&P 500 index climbing 8.46 points to 1,955.18.

Germany's economy, the eurozone's biggest, shrank by a quarterly rate of 0.2 per cent, held back by weaker investment by business and by fears over the crisis in Ukraine.

France, the region's second-largest economy, showed zero growth for the second straight quarter. But the data persuaded investors that the European Central Bank will have to step up with more economic stimulus.

Markets also seemed reassured by comments from Russian President Vladimir Putin, who said Russia's goal was ``to stop bloodshed in Ukraine as soon as possible.''

For news about small stocks that made big moves in Thursday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report


Tags: ENERGY OIL & GAS INTEGRATED

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