TSX Up as Canadian Economy Grows in October

The Toronto stock market was higher for a third session on Wednesday amid mixed economic reports, including data Showed that the Canadian economy grew for a second straight month in October.

The S & P / TSX composite index moved 49.4 points higher Thurs 11,677.4 as Statistics Canada reported that the hot housing market in many parts of Canada helped push real gross domestic product up by 0.2 per cent in October.

It was the second consecutive monthly advance in economic activity but the reading was weaker than the 0.3 per cent pace that Economists had expected.

The agency says that production increased in most major sectors, as was the case in September. But it says that a Significantly higher level of activity for real estate agents and brokers provided the largest contribution.

More: http://www.thestar.com/business/article/742302--tsx-up-as-canadian-economy-grows-in-october