Canadian Stocks Soar on Rotation into Techs

European markets close higher; Asian equities slip

Canadian stocks closed dramatically higher, as market participants shifted funds from defensive sectors like the mining group and back into techs. TSE 300 rose 204.57 to 8805.40 driven by Financial Services, Communications & Media, Financial Services. Breadth was 856-411 positive. Investors piled back into equities after one of dreariest pre-announcement seasons in recent memory. Crude futures were higher on expected output cuts by OPEC. Precious metals were mixed.

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