Financial shares, up 0.6 percent, led the pack, boosted by better-than-expected results from U.S. Among the top gainers, Royal Bank of Canada climbed 1 percent to C$60.42.
The index's energy group pushed up 0.1 percent as U.S. crude oil prices ended a two-session slide, data showing U.S. gasoline stockpiles plunged last week and by continued worries about the Libyan Suncor Energy was up 0.1 percent at C$42.09, Canadian Oil Sands Trust rose 0.3 percent to C$31.12, 0.4 percent higher at C$31.73.
Base-metals miners fell 1.1 percent, tracking weaker copper prices after data showed U.S. auto sales China would make further efforts to quell inflation.
Diversified miner Teck Resources was down 1.9 percent at C$50.90, while First Quantum Minerals
C$121.30.
"The very fact that the miners are down says something about what's going on in terms of
The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> ended up 32.24 p
Eight of its 10 main sectors were higher. The gold-mining sub-sector was off 0.4 percent
of bullion.
Earlier in the day, the index rose more than 1 percent as oil prices gained.
"The fact that we opened strongly and gave back some, and (then) coming back, to me it
Nakamoto said. "If everyone was on the same page we probably would have regained yesterday's Market watchers said bargain-hunting was in play after the index lost more than 400 points on Monday "Today, bargain hunters are trying to nibble in the markets, but (without) conviction just yet," said broker at MF Global Canada, in Montreal.
Shaw Communications dropped 3.4 percent to C$19.80 after investors reacted to delays in its
service and troubles in keeping cable subscribers as it eases off promotions.
Gildan Activewear rallied 3 percent to C$33.80, after Scotia Capital became the latest brokerage to target on the T-shirt maker. The company built on gains made after announcing earlier this week based sock maker Gold Toe Moretz Holdings.
($1=$0.96 Canadian)
No comments:
Post a Comment