U.S. Federal Reserve

U.S. Federal Reserve: The S P/TSX composite index fell 135.2 points to 12,321.29, as data showed that Chinese manufacturing grew at a slower pace in April and that export orders had been declining steadily, according to CBC. There was at least one bit of good news: the U.S. Federal Reserve announced that it will carry on with its economic stimulus measures for some time to come and The Toronto stock market closed sharply lower amid indications of slowing growth in the Chinese and American economies. The Canadian dollar closed down 0.06 of a cent to 99.2 cents US. (www.immigrantscanada.com). As reported in the news.