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CANADA STOCKS-Toronto stocks near record high; Canadian Pacific jumps

CANADA STOCKS-Toronto stocks near record high; Canadian Pacific jumps

reuters.com · 09/01/2021 09:40
CANADA STOCKS-Toronto stocks near record high; Canadian Pacific jumps

- Canada's main stock index neared a record high on Wednesday as hopes of loose monetary policies and a steady economic rebound lifted demand for global equities.

At 9:32 a.m. ET (1332 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 52.54 points, or 0.26%, at 20,635.48.

The industrials index .GSPTTIN added 1.2% with Canadian Pacific Railway Ltd CP.TO jumping 3.3% after the U.S. rail regulator rejected a voting trust structure that would have allowed rival Canadian National Railway Co CNR.TO to proceed with its $29 billion deal for U.S. peer Kansas City Southern KSU.N. nL4N2Q23VE

Canadian Pacific has offered $25 billion for the U.S. railroad.


(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)

((sagarika.jaisinghani@thomsonreuters.com;))