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North American stocks rise, loonie strengthens sharply as Fed says April rate hike unlikely

2015-03-19 01:37:20| Energy - Topix.net

North American stock markets enjoyed a solid lift Wednesday on indications that the U.S. Federal Reserve is in no rush to move interest rates away from near zero, where they've been since the 2008 financial crisis. The S&P/TSX composite index ran up 63.71 points to 14,962.24 as the Fed said that it first wants to see further improvement in the economy, particularly in job creation and inflation levels.

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