TORONTO -- The Toronto stock market closed sharply higher amid lessening anxiety over the Crimea crisis after Russian President Vladimir Putin said his country doesn't want to annex more of Ukraine.
He made the comment as he signed a bill to annex Crimea, two days after the territory's residents voted overwhelmingly to break away from Ukraine.
The S&P/TSX composite index jumped 137.03 points to 14,368.92.
The Canadian dollar shed early gains to fall 0.68 of a cent to 89.79 cents US after Bank of Canada governor Stephen Poloz said that slower than normal growth may be the new norm for Canada and the world. And that means ultra-low rates could be around longer than thought.
The Dow Jones industrials ran ahead 88.97 points to 16,336.19, the Nasdaq moved 53.36 points higher to 4,333.31 and the S&P 500 index rose 13.42 points to 1,872.25.
