Canadian Equities Rebound on Optimistic Outlook

European markets close lower on some gloomy forecasts. Asian markets also end down

Canadian stocks finish higher, with major indexes rebounding in tandem with U.S. equities on short covering, bargain hunting, and belief of some market participants that "the worst is over." The TSE 300 rose 28.77 to 8600.80, up from 8474.33 session low, as Industrial Products recovered from session lows and Utilities forged higher. Breadth was 713-458 positive. GoC bonds closed lower, but like equities, up from worst levels of day. Oil futures higher in technical trading. Precious metals finished mixed, with palladium near record high.

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