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| | CIBC World Markets raises 2006 TSX target (Site not responding. Last check: 2007-10-12) |
 | | TORONTO -- CIBC World Markets has raised its 2006 "target'' for the Toronto stock market's key index to 13,200 points from 12,000, citing continued strength in energy stocks. |
 | | "In a world of growing depletion of conventional energy assets, global energy firms are likely to continue to bid aggressively for oil sand assets, and in the process, bid up cash-flow multiples in the energy sector,'' said CIBC chief strategist Jeff Rubin. |
 | | CIBC World Markets is the wholesale banking arm of CIBC, providing credit and capital markets products, investment banking and merchant banking to clients in key financial markets. |
| www.canada.com /topics/finance/story.html?id=28e56115-0186-4d5f-8c7f-3dcc07ebf1eb (276 words) |
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