Canada's blue chips move on Reuters reporting of economic support plan

Share prices in Canada’s banks — Royal Bank, Scotiabank, Toronto Dominion, CIBC, and Bank of Montreal — rose across the board on October 14 after Reuters announced newly re-elected Canadian Prime Minister Stephen Harper’s plans to protect Canada’s economy from the worsening financial crisis. Reuters alerts moved a full five minutes ahead of the competition. It came a day after the vote when investors were awaiting immediate steps on the economy. Reuters pushed out details of the six-point plan ahead of a live television announcement by Harper and beat Dow Jones by 5 minutes and Bloomberg by 11 minutes. The Globe and Mail, Canada’s newspaper of record, cited Reuters in its front page article on Harper’s moves.