TORONTO (Reuters) - Canada's main stock index rose more than 1 percent on Wednesday, led by gains across all major sectors, as investors cheered comments from U.S.

MONTREAL - The maker of Ski-Doo snowmobiles says its initial public offering has been priced at $21.50 per share - giving the company a market value of about $2.5 billion.

Sales at Target Corp.'s new Canadian stores were better than expected during the first quarter, even as the department store chain reported its overall profits dropped 26 per cent.

Undeterred by record-high housing prices and bolstered by low borrowing costs, nearly half of Canadian home owners plan to buy a property in the next five years, although intentions vary sharply from city to city, a poll released Wednesday has found.

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