Economic Event

economic event: Traders also looked ahead to the major economic event of the week the U.S. Federal Reserves meeting Wednesday when markets may find out what the central bank intends to do about cutting back on a key area of stimulus, according to The Star. U.S. indexes were up sharply as investors wait to see if the Fed will start to taper its monthly $85 billion U.S. of bond purchases and The Toronto stock market closed higher Monday amid strong manufacturing data from the United States and Europe and major corporate acquisitions. The S P/TSX composite index gained 58.71 points to 13,184.41 while rising commodities helped push the Canadian dollar ahead 0.08 of a cent to 94.46 cents U.S. (www.immigrantscanada.com). As reported in the news.