FED HOLDS THE LINE - STOCK MARKETS SHOOT HIGHER

Sep 18, 2013

By Michael Kramer

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There’s positive reaction from stock markets on Bay Street  and Wall Street  as the news spreads that the U-S Federal Reserve isn’t going to reduce its economic stimulus.

The Fed says it will  hold – off  on  slowing its 85-billion dollars a month in bond purchases because it thinks the U-S economy still needs the support.

The T-S-X and the Dow both shot higher on the news, gold jumped more than 30-dollars an ounce and the Canadian dollar soared more than half a cent.

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