Oil and Gas Boost Canada Shares

Telecoms help Europe markets finish up; Asia stocks slump as traders dump bank shares

Canadian stocks closed moderately higher on a rebound from Friday's losses, Amazon.com's forecast of better than expected Q1, strength in U.S. markets on selective technology buying and cyclical strength. The TSE 300 rose 63.35 points to 7538.10 on strength in Industrial Products, Utilities, Oil & Gas and Financial Services. Breadth was 685-457 positive. Government of Canada bonds were quiet in featureless trading as market participants focused on stocks and upcoming earnings reports. Canadian housing starts slipped 1.5% in March, following an 8.6% decline in February. The Canadian dollar was uo a bit vs. the U.S. dollar.

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