Canada’s stock exchanges showed solidarity with their American counterparts on Wednesday and remained idle in the wake of the terrorist attacks in the United States on Sept. 11.
Operations at Canadian and American exchanges were halted during the morning of Sept. 11 following major declines on news of attacks targeting the twin towers at the World Trade Centre in New York and the Pentagon in Washington, D.C.
Trading on Canadian markets is expected to resume on Sept 13. Hopes are for a resumption of trade on Sept. 14 in the U.S.
The Toronto Stock Exchange’s executive management says it is satisfied that considerations that may have had an impact on the exchange’s ability to guarantee an orderly market or the ability of all participants to engage in regular market activity have been accommodated effectively by all parties.
Meanwhile in Europe, the Britain’s FTSE 100 index rose 136.1 points or 2.8% to 4,882.1 after falling more than 94 points earlier in the day. The Deutsche Boerse in Germany and the Paris Stock Exchange followed suit. In Japan, the Nikkei Stock Average fell below the 10,000-point-mark for the first time in 17 years. The Nikkei plummeted 682.85 points, or 6.6% to 9,610.1.
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