A sign for Bay Street is displayed in the financial district of Toronto, Ontario, Canada, on Wednesday, July 18, 2012. The Bank of Canada said consumers and business investment will lead modest economic growth through 2014 while weaker global demand curbs exports that are having the weakest recovery since World War II. Photographer: Brent Lewin/Bloomberg Brent Lewin/Bloomberg
The Toronto Stock Exchange's benchmark index today traded above its all-time closing high, beating the 15,073 record close in June 2008 before the global recession wiped out almost half of the index's value.
The S&P/TSX composite index hit 15,075.70 in the early afternoon on Monday, a rise of more than 70 points from Friday's close. It closed down at 15,040.43,
It's almost six years to the day since the TSX set its all-time record close of 15,073 on June 18, 2008.
But the index has yet to beat the intraday high, which was set a few days before the closing high, of 15,154 on June 6, 2008.
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Aug. 21 (Bloomberg) -- Adam Johnson reports on today’s top news stories on “Bloomberg Surveillance.” (Source: Bloomberg)
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