TORONTO _ The Toronto stock market was positive after the Bank of Japan unexpectedly expanded a key stimulus program aimed at boosting the world's third-largest economy.
The S&P/TSX composite index gained 65.7 points to 14,524.39.
The Japanese central bank says it will increase its purchases of government bonds and other assets by between 10 trillion yen and 20 trillion yen (US$91 billion to $181 billion) to about 80 trillion yen (US$725 billion) in total annually.
Bank governor Haruhiko Kuroda said the increase was required to prevent a reversal into a ``deflationary mindset'' that the country's leaders contend has held back growth for many years.
Meanwhile, the Canadian dollar erased early gains to fall two-thirds of a cent to 88.66 cents US as economic growth for August missed already modest expectations. Statistics Canada reported that gross domestic product dipped 0.1 per cent against the flat showing that economists had expected.
U.S. indexes were sharply higher with the Dow Jones industrials at a new high, up 150.08 points to 17,345, the Nasdaq jumped 65.43 points to 4,631.57 and the S&P 500 index climbed 18.72 points to 2,013.37.