Canadian Stocks End Mixed

Profit takers pounce after Wednesday's surprise Fed move; other world markets show varied reactions

Canadian stocks mixed, as profit taking enters market after yesterday's rocket shot higher in wake of Fed easing. TSE 300 fell 32.08 after rising to 8905.70 earlier in session as steep losses in Utilities, Financial Services, Oil & Gas overcome gains in Industrial Products. Breadth was 719-521 positive. Market participants are now wondering if the Fed will cut rates at its meeting scheduled for end of January. GoC bonds are mixed following report that Canadian producer prices rose 0.6% in November due to rising petroleum prices, weaker Canadian dollar.

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