Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Storm Lifts Canada Utilities Stocks

Canadian stocks closed solidly higher after the Bank of Canada cut the bank rate from 5.75% to 5.25%. The U.S. Nasdaq Index rallied on the belief that tech shares have bottomed and that now is the time to buy. The TSE 300 rose 106.31 to 8205.60 as Industrial Products and Utilities issues gained; Financial Services fell in profit taking. Breadth was 766-456 positive. Government of Canada bonds were mixed. The BoC noted that weakening confidence may delay a recovery in the U.S., while forward momentum in Canadian domestic demand waned more abruptly than expected towards the end of 2000. The March Canadian dollar was higher at 65.07 cents vs. the U.S. dollar.

Asian equities closed sharply higher. In Japan, the Nikkei 225 Index gained 365.58, or 2.97%, to 12687.74. In Hong Kong, the Hang Seng gained 185.79, or 1.31%, to 14321.05.

European stocks ended higher. In London, the Financial Times-Stock Exchange 100 index closed up 80.70, or 1.36%, to 6012.00. Some were encouraged by reports retail sales strong last month, that housing prices rise suggested improved economy. Germany's DAX Index ended up 69.93, or 1.12%, to 6286.31 in a carryover of Monday's rally. In France, the CAC 40 closed up 88.45, or 1.65%, to 5457.28.

blog comments powered by Disqus