The Toronto Stock Exchange surpassed the 14,000 level in early trading Wednesday, its highest point since July 2008. The energy sector advanced 0.42 per cent as oil prices moved toward $85 US a barrel after a report showed U.S. crude supplies unexpectedly fell last week, suggesting demand may be improving. The financial sector was up almost one per cent a week before Canadian banks start handing in their quarterly earnings reports.
Traders watch the NYSE results board earlier this year. The Toronto Stock Exchange passed the 14,000 level for the first time in almost three years on Wednesday. Really should this be a surprise? Did we all forget the 'world is coming to an end financially' back in 2008 when it dipped below 8000? Now that it has come back, everyone is surprised, I don't get it!
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