Key Canada Index Bounces Back

Europe markets close lower; Asia markets end mixed

The TSE 300 saw a reversal of Tuesday, slipping in morning then recovering at close with a 53.6 point gain to 7945.3. The strong closes in the U.S. indices were a support. Eleven of the 14 subindices closed up lead by the Industrials and Utilites issues. Gold and Forest Products were the big lossers (spot gold slid $2.10 Wednesday and there were some earnings disappointments in the Forest sector). Today's bullish reversal bodes well and the TSE 300 is expected to continue climbing Thursday.

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