American Interest Rates and Janet Yellen

Janet Yellen: The SaP/TSX composite index gained 27.79 points to 14,361.83, a day after U.S. Federal Reserve chair Janet Yellen indicated that American interest rates could be headed higher earlier than thought, according to CTV. New York markets registered solid gains after the Philadelphia Fed's manufacturing index rebounded to 9.0 in March from a negative 6.3 reading in February. That was well above expectations for a reading of 3.5 and - The Toronto stock market closed modestly higher as positive U.S. economic data helped balance interest rate concerns. The Canadian dollar closed up 0.02 of a cent to 88.95 cents US. (www.immigrantscanada.com). As reported in the news.