Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page

Canadian stock market advances on strong global commodities

English.news.cn   2014-05-13 07:22:03

TORONTO, May 12 (Xinhua) -- Canada's main stock market ended higher on Monday following last week's slump, as global commodities gained momentum.

The benchmark S&P/TSX composite index increased 120.88 points, or 0.83 percent, to 14,654.94 points, with all of the major sectors closing in the green.

Rising commodities prices provided support for the Canadian stock market. Copper for June delivery moved up 2.54 percent to 3. 1560 U.S. dollars per pound, gold for June delivery added 8.2 dollars to 1295.8 dollars per pound, and light, sweet crude for May delivery also edged up 0.6 dollars to 100.59 dollars a barrel on the New York Mercantile Exchange.

In response, the mining sector surged 3.89 percent, with First Quantum Minerals Ltd. jumping 4.9 percent to 22.04 Canadian dollars (about 20.23 U.S. dollars) and Barrick Gold up 0.69 percent to 18.92 Canadian dollars per share.

The energy rose 1.32 percent as Canadian Natural Resources added 2.31 percent to 43.89 Canadian dollars.

Air Canada was one of the losers in the industrial sector, dropping 1.6 percent, although the entire sector moved up 1.43 percent.

On the currency front, the Canadian dollar Monday eked a gain to 0.9180 U.S. dollar, compared with 0.9178 U.S. dollar on Friday last week.

Editor: An
Related News
Home >> Business            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top Biz News Latest News  
  Special Reports  >>