TSX climbs after Bank of Canada cuts rates
Canada's main stock index rose on Wednesday after the Bank of Canada cut interest rates, helping boost shares of financial companies and energy producers. The benchmark Canadian index is up for a fourth straight session, and the equity market has recently benefited after Greece recently reached a bailout deal. The Bank of Canada cut its key interest rate by a quarter percentage point to 0.5 percent, saying an unexpected economic contraction throughout the first half of the year had added to
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