Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

CANADA STOCKS-TSX rises with miners as commodity prices rally

Published 2016-04-19, 10:21 a/m
© Reuters.  CANADA STOCKS-TSX rises with miners as commodity prices rally
XAU/USD
-
BARC
-
TECK
-
WPM
-
GC
-
HG
-
LCO
-
CL
-
RCI
-
GOLD
-
0P6E
-
GSPTSE
-
BNS
-
TD
-
GG
-
RY
-

(Updates with early trade; adds details on Rogers earnings,
materials sector)
* TSX up 90.06 points, or 0.66 percent, to 13,809.88
* Seven of the TSX's 10 main groups were higher

TORONTO, April 19 (Reuters) - Canada's main stock index rose
on Tuesday as gold miners and other materials stocks gained on
higher commodity prices, while Rogers Communications weighed
after posting a smaller profit.
At 10:10 a.m. EDT (1410 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE rose 90.06 points, or 0.66
percent, to 13,809.88.
Silver Wheaton SLW.TO jumped 5.9 percent to C$22.94 as
silver prices surged to a 10-month high, while the broader
materials group, which includes precious and base metals miners
and fertilizer companies, added 2.1 percent. Gold, copper and
other metals also pushed higher. GOL/ MET/L
Barrick Gold Corp ABX.TO added 1.1 percent to C$20.48 and
Goldcorp Inc G.TO rose 1.4 percent to C$21.84.
Adding to the positive sentiment, Barclays (LON:BARC) raised its target
prices for a range of Canadian materials stocks.
First Quantum Minerals FM.TO advanced 6.2 percent to
C$8.10 and Teck Resources Ltd TCKb.TO gained 2.1 percent to
C$12.56.
The energy sector gained 1.8 percent, with oil prices rising
as a strike by oil workers in Kuwait nearly halved crude
production from the OPEC member.
The country's heavyweight banks also ranked among the
index's most influential gainers, with Royal Bank of Canada
RY.TO adding 0.5 percent to C$78.15, Toronto-Dominion Bank
TD.TO advancing 0.7 percent to C$55.66 and Bank of Nova Scotia
BNS.TO rising 0.5 percent to C$63.99.
Seven of the index's 10 main groups were in positive
territory, with two advancers for every decliner.
Rogers Communications Inc RCIb.TO fell 1.3 percent to
C$49.53 after reporting a slip in earnings after the bell on
Monday as it spent heavily to get smartphones to its wireless
customers and could not add enough Internet business to offset
television and landline phone shrinkage.
The telecom group lost 0.7 percent.
U.S. crude CLc1 prices were up 1.3 percent at $40.30 a
barrel, while Brent LCOc1 added 1.7 percent to $43.62.
Gold futures GCc1 rose 1.5 percent to $1,252.1 an ounce,
and copper prices CMCU3 added 1.2 percent to $4,886 a tonne.
MET/L GOL/

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.