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CANADA STOCKS-Toronto market rebounds on improving factory data

Feb 1 (Reuters) – Canada’s main stock index rose on Thursday as encouraging U.S. manufacturing data helped revive investor optimism after markets were spooked in the previous session by the Federal Reserve’s interest rate guidance.

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended up 97.33 points, or 0.5%, at 21,119.21. On Wednesday, the index posted its biggest decline in two weeks as the Fed dashed hopes of a rate cut as soon as March.

https://www.nasdaq.com/articles/canada-stocks-toronto-market-rebounds-on-improving-factory-data