Do More With Reuters
Partner Services

CANADA STOCKS-TSX hits one-week high on oil, gold strength

Thu Nov 5, 2009 3:12am IST
 
Email | Print | | Single Page
[-] Text [+]

* TSX up 45.30 points, or 0.41 percent, at 11,071.20

* Gold climbs to record, oil prices rise

* Fed holds rates steady near zero (Updates to close, adds quote)

By Jennifer Kwan

TORONTO, Nov 4 (Reuters) - Toronto's main stock index ended higher on Wednesday as strength in energy prices boosted oil and gas companies and a record bullion price sent Barrick Gold (ABX.TO: Quote, Profile, Research) and other miners higher.

Barrick rose 2.3 percent to C$42.94 and Kinross Gold (K.TO: Quote, Profile, Research) finished the day up 3.8 percent at C$20.09. Nexen Inc (NXY.TO: Quote, Profile, Research) was also a top gainer, rising 2.8 percent to C$24.42, while Suncor Energy (SU.TO: Quote, Profile, Research) was up 0.5 percent at C$35.14 as the price of oil rose above $80 a barrel. [O/R]

Gold shares added to big gains as the price of the precious metal hit a record above $1,095 an ounce. [GOL/]

"We're just seeing buying right across the board today. The commodities are acting well," said Bruce Latimer, trader at Dundee Securities.

The S&P/TSX composite index .GSPTSE climbed 45.30 points, or 0.41 percent, at 11,071.20, with six of its 10 main groups higher.  Continued...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article