Canada’s main stock index “surged” yesterday to its highest closing level for the current year, as a commodity price rallied and U.S. data fuelled gains in heavily weighted materials, energy and financial sectors. The S&P/TSX composite index rose a whooping 163.79 points or 1.45% to 11,495.83, its highest closing level since October 1, 2008!!! [...]

Canada’s main stock index finished at a 2009 high yesterday, led by the influential energy and financial sectors, as a revived investor risk appetite and hopes of a global economy recovery from the recession fueled a broad rally. 9 out of the 10 TSX main sectors ended higher, with the energy sector added 0.86% [...]

Canada’s main stock index closed up on Friday after touching its highest level in nearly a year. The index received a big boost from heavyweight EnCana on news of the energy giant’s plan to split the company into separate oil sands and natural gas businesses. The news helped the energy group advance 2.59% [...]

Canadian stock markets advanced again yesterday as a rally in oil & gold prices attracted investors into the resource heavy stock market. The Bank of Canada’s (BoC) confidence in the economy also added support as a statement from the BoC ahead of the market open predicted faster-than-expected growth in Canada this year in what [...]

Canada’s main stock index finished lower yesterday, ending a string of 4 straight days of gains. The index was hit by a drop in value of the shares of mining giant Barrick Gold and concerns about the economy. Barrick is the world’s #1 gold miner and yesterday it was the #1 drag on [...]

Canada’s main stock market advanced yesterday on strong oil and other key commodity prices and on an improvement in investor confidence in the global economic recovery. The S&P/TSX composite index ended up 0.8 percent at 11,105.30 and is a new high for the year. Oil prices rose 4.5%, their biggest gain in nearly [...]

Canada’s main stock market finished higher on Friday before the long weekend, boosted by better-than-expected Canadian and U.S. jobs data, which supported investor sentiment for a sustainable global economic recovery. There was good depth and breath to the gains with 9 of the benchmark index’s 10 main sectors posting gains. The single declining sector [...]

Canada’s main stock market advanced strongly yesterday with financial and mining shares leading the way amid mixed U.S. economic data. The S&P/TSX composite index jumped 220.17 points or 2.02% in a broad based advance across most sectors. The gain went a long way to making up for a loss of almost [...]

Canada’s main stock index posted a slight gain yesterday, supported by a huge rally in gold mining stocks. The price of bullion jumped to near 3-month high on safe-haven buying due to investor caution about the pace of economic recovery and the stability of the financial system. Gold futures rallied above $980 an ounce [...]

Canada’s main stock market fell yesterday as investors took profits in the financial sector after strong earnings were reported last week. Investors are growing increasingly cautious about a rally that has driven the index up about 40% since early March. The financial sector dropped 2.9% yesterday but year-to-date the sector has still advanced [...]