September 6, 2012 Comments

It was a very strong day on the markets. Apparently this was mostly due to the announcement that the European Central Bank would support European countries and keep their borrowing costs low by purchasing unlimited amounts of their debt in the market (printing money to do so). Other reasons for the rise included a better-than-expected labor market survey report. These kind of gains can be quite temporary unless followed up by more good news.

Stocks that were particularly strong included Bank of America up 5.0%, eBay up 3.7% Stantec up 3.3%, Wells Fargo up 3.2% and Canadian Tire up 3.1%.