CANADA STOCKS-TSX near 2-month high on global stimulus hopes


03/07/2012 23:07 AST  Reuters

Canada's main stock index hit its highest level in nearly two months on Tuesday, led by a rally in mining and energy shares, as hopes of further monetary easing by central banks helped allay worries about the impact of the euro zone crisis.

Raising expectations of more stimulus was a series of troubling economic reports on Monday from the United States, the euro zone and China. U.S. manufacturing shrank in June, according to the Institute for Supply Management.

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