June 13, 2009 – News Today

Stocks advance on signs economy improving

The Toronto stock market ran up sharply yesterday in a widespread advance as investors latched on to further signs of an improving U.S. economy.

The S&P/TSX composite index rose 116.3 points to 10,714.11, an eight-month high, as investors took in economic data showing U.S. retail sales beat expectations while fewer people applied for jobless benefits last week.