CANADA: Bull Market

On the floor of the Toronto Stock Exchange last week, Canadian traders scrambled for penny stocks like women grabbing for giveaway nylons, went on the biggest buying spree in the exchange's 100-year history. As exhausted clerks tried in vain to keep up with orders, the high-speed ticker lagged five minutes behind. When the siren blared the close of one day's business, a record 12,264,000 shares had changed hands.

The big market was touched off by two unrelated developments, new uranium finds in the Beaverlodge Lake area of northern Saskatchewan, and the reported...

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