Supported by good indication of improving economy form America and Canada, the Toronto stock market received a bold start in the first week of March. This boost comes along with news of muscular economic growth at the end of last year and also the possibility of expansion of manufacturing sector in America reported by the Institute for Supply Management. The S&P/TSX composite index increased 98.43 points to 11,728.06.

It was also reported by Statistics Canada that with an annual rate of 5% in fourth quarter, the economy improved, resulting in advancement of Canadian Dollar to 96.01 Cents U. S. The Nasdaq composite index mounted 35.31 points to 2,273.57 and the S&P 500 index inclined 11.22 points to 1,115.71.

Robert Kav cic, Economist with BMOCapital Markets sated, "The GDP result almost solidifies the Bank of Canada will raise rates in July. Traditionally when you're coming out of recession, the market appreciates the stronger economic growth more than higher interest rates counter it. If Americans have jobs, their consuming directly benefits Canadian exports".

Crude oil dipped to US96¢ to US$78.70 a barrel in New York on the commodity market. Gold also decreased US60¢ to US$1,118.30 an ounce, while Copper rose US6.6¢ to US$3.35 a pound.