TSX up as traders welcome Greek bailout deal

[canada-man]

TORONTO — The Toronto stock market moved higher in early trading after Greece announced it had reached an agreement that would meet the conditions to secure a crucial, second bailout.

The S&P/TSX composite index gained 22.53 points to 12,543.55 while the Canadian dollar was ahead 0.25 of a cent to 100.64 cents US.

U.S. markets were positive with the Dow Jones industrials ahead 23.61 points to 12,907.56.

The Nasdaq composite index gained 6.18 points to 2,922.04 and the S&P 500 index was up 2.05 points to 1,352.01.

Greece has been working to arrange a C130 billion bailout to stave off bankruptcy as early as late next month. But the country's political leaders first had to approve a package of new austerity measures demanded by creditors.

Commodity prices advanced following news of the Greek deal as the March crude contract on the New York Mercantile Exchange headed $1.12 higher to US$99.83 a barrel.

http://www.cp24.com/servlet/an/local/CTVNews/20120209/120209_Markets/20120209/?hub=CP24Home

 

[rld]

TORONTO — The Toronto stock market moved higher in early trading after Greece announced it had reached an agreement that would meet the conditions to secure a crucial, second bailout.

The S&P/TSX composite index gained 22.53 points to 12,543.55 while the Canadian dollar was ahead 0.25 of a cent to 100.64 cents US.

U.S. markets were positive with the Dow Jones industrials ahead 23.61 points to 12,907.56.

The Nasdaq composite index gained 6.18 points to 2,922.04 and the S&P 500 index was up 2.05 points to 1,352.01.

Greece has been working to arrange a C130 billion bailout to stave off bankruptcy as early as late next month. But the country's political leaders first had to approve a package of new austerity measures demanded by creditors.

Commodity prices advanced following news of the Greek deal as the March crude contract on the New York Mercantile Exchange headed $1.12 higher to US$99.83 a barrel.

http://www.cp24.com/servlet/an/local/CTVNews/20120209/120209_Markets/20120209/?hub=CP24Home

22.53 points? Wow...I better advance my retirement date!

 

[Rockslinger]

If only the Greeks spend as much energy producing stuff as they do protesting.

 

[Questor]

If only the Greeks spend as much energy producing stuff as they do protesting.

Ironic statement, considering the poster has well over 23,000 posts to his credit, many of them made during business hours.

 

[WoodPeckr]

Ironic statement, considering the poster has well over 23,000 posts to his credit, many of them made during business hours.

Some say they are paid to post here....:eyebrows:

 

[nottyboi]

The only sure thing about every Greek bailout so far....is that there is another one not too far down the road.