Sep 18, 2013
By Michael Kramer
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.