From the TMX site: The Toronto stock market surged more than 400 points Wednesday after the Bank of Canada and other major central banks took coordinated action to provide added support to a global financial system. The S&P TSX Composite climbed 471.61 points, or 4%, to 12,204.11 The TSX resource sector in particular benefited from steps by China, the world’s second biggest economy, to encourage growth. Canada’s central bank is joining the Bank of England, the Bank of Japan, the European Central Bank, the U.S. Federal Reserve and the Swiss National Bank “to enhance their capacity to provide liquidity support to the global financial system.” Story
