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Inside the Market

Before the bell: Telecom stocks set to surge, futures rally

September is a lousy month for the stock market historically, but you wouldn't know it based on trading activity so far. European and Asian markets rallied while U.S. and Canadian markets were closed for the Labour Day holiday, and today stock futures suggest strong gains as markets here play catch up. The TSX should get an added boost thanks to an expected surge in telecom stocks in reaction to news Monday that Verizon Communications Inc. is now ruling out expansion into Canada.