Bernanke

Bernanke: The S P/TSX composite index ran up 186.33 points to 12,493.26, pushing the TSX back into positive territory for the year, albeit only by 60 points or 0.5 per cent, according to CTV. The greenback weakened sharply following Bernanke's comments and the Canadian dollar surged 1.21 cents to 96.29 cents US after hitting an intraday high of 96.43 cents US and TORONTO -- The Toronto stock market and the loonie were sharply higher Thursday after U.S. Federal Reserve chairman Ben Bernanke offered reassurances that a key stimulus measure that has helped global markets rebound this year isn't going away any time soon. Bernanke said in a speech after markets closed Wednesday that the U.S. economy still needs help from the central bank's low interest rate policies because unemployment remains high and inflation is below the Fed's target. (www.immigrantscanada.com). As reported in the news.