TSX gains as Valeant, CIBC jump on results

[riky]

TSX gains as Valeant, CIBC jump on results

<p><a href="http://news.yahoo.com/tsx-may-open-flat-ukraine-concerns-yellen-focus-134455180--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/TDDp_Zb52FKzqk.hcvlDbw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-02-27T134455Z_1_CBREA1Q126X00_RTROPTP_2_CBUSINESS-US-MARKETS-CANADA-STOCKS.JPG" width="130" height="86" alt="Toronto Stock Exchange logo is seen in Toronto" align="left" title="Toronto Stock Exchange logo is seen in Toronto" border="0" /></a>By John Tilak TORONTO (Reuters) - Canada's main stock index climbed on Thursday, boosted by advances in shares of Valeant Pharmaceuticals International Inc and Canadian Imperial Bank of Commerce after the companies reported quarterly results. CIBC shares gained 1 percent after the lender's first-quarter profit jumped 50 percent, driven by stronger domestic lending profits and a gain on the sale of half of its Aeroplan credit card portfolio to Toronto-Dominion Bank . Separate figures indicated that the number of Americans filing new applications for unemployment benefits gained last week. The market also took heart from comments from Federal Reserve Chair Janet Yellen, who said weather could have played a part in recent signs of weakness in the world's biggest economy.</p><br clear="all"/>

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