This was trending in my TD account news section. Thought it was interesting... we might be entering a little bull session in the mining stocks and commodities.
Toronto Stocks Up as Gold Miners Rally
Today 4:48 PM ET (Dow Jones)
Print
By David George-Cosh
TORONTO--Canadian stocks bucked the global equity sell-off Monday, moving upward as stronger gold prices perked up the market's mining sector.
The S&P/TSX Composite Index was up 63.55 points, or 0.4%, to 15,506.22 as advances outpaced declines 873 to 752. Trading volume was 328.2 million shares.
The blue chip S&P/TSX 60 Index was up 3.61 points, or 0.4%, to 914.34.
A rally in gold prices came amid investor concerns about U.S. President Donald Trump's ability to push his economic policies following the failure to pass U.S. healthcare reform last week.
The Toronto Stock Exchange's resource-heavy material's group was up 1.4%. Blue chip gold miners Goldcorp, Kinross and Barrick led the sector's gains with a 1.2%, 2% and 1.9% advance, respectively. Coal-and-copper producer Teck rallied 4%.
Industrials also were up, moving higher by 0.5%. Bombardier rose 3.5% for the day despite lower-than-normal trading volumes, while Air Canada climbed 2.2% higher.
Other key movers include medical marijuana producer Canopy Growth which rose 11.1% after the Canadian government announced the legalization of marijuana would commence in July 1, 2018.
Write to David George-Cosh at david.george-cosh@wsj.com
(END) Dow Jones Newswires
March 27, 2017 16:48 ET (20:48 GMT)
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