Financial and energy issues pushed Toronto stocks higher Tuesday despite grim housing and wholesale numbers out of the United States.
The S&P/TSX composite index closed up 99.56 points, or 0.73%, at 13,797.01.
Six of the 10 major TSX groups advanced.
The financials group gained 1.46%.
Sun Life Financial shares added $1.69, or 3.59%, to close at $48.77.
Shares in the Royal Bank of Canada gained 51¢, or $1.02, to $50.70, while Manulife shares went up 50¢, or 1.30%, to $39.01.
The energy group was also strong, moving up 1.44%, as crude for April delivery ended up US$1.65 a barrel, or 1.7%, on the New York Mercantile Exchange.
Talisman Energy Inc. shares gained 25¢, or 1.45%, to $17.44.
Oilexco Inc. shares gained 83¢, or 5.30%, to close at $16.49.
The information tech group remained flat, gaining 0.03%, as Research in Motion shares dropped $2.84, or 2.62%, to $105.61.
The materials group also finished flat, losing 0.03%.
Uranium One Inc. shares lost 17¢, or 3.37%, on a heavy day of trading (11,175,319 shares) to close at $4.88.
The gold sub-index rose 0.34%, as gold for April delivery gained US$8.40 to finish at US$940.50 an ounce on the Nymex.
In individual stocks, shares in Cott Corp. fell $1.50, or 37.50%, to end at $2.50, after Wal-Mart Stores Inc. announced it is cutting the company’s shelf space for pop.
The junior S&P/TSX Venture composite index rose 29.25 points, or 1.09%, to end at 2,715.49.
The Canadian dollar finished at US$1.02, up 0.02 of a cent from yesterday’s close.
In New York, the Dow Jones industrial average gained 114.70 points, or 0.91%, to end the session at 12,684.92.
The S&P 500 added 9.49 points, or 0.69%, to 1,381.29.
The tech-heavy Nasdaq composite closed up 17.51 points, or 0.75%, at 2,344.99.
Tuesday close: Financial and energy stocks boost Toronto markets
IBM’s positive outlook pushes U.S. stocks higher
- By: Regan Ray
- February 26, 2008 February 26, 2008
- 16:25