Canadian stocks gain on actions of the global central banks

© Scanpix/FP

Canadian stocks have increased for third consecutive day as investors gain more confidence after the global banks decided to boost liquidity to financial system. Moreover, the higher than expected GDP growth in Canada contributed to market sentiment. GDP grew by 3.5% in Q3 as compared with 3% projected. Toronto's benchmark S&P/TSX Composite Index gained 2.3%, to 11,997.57. Canadian currency increased against USD by 1.5% to two-weeks high.