Today in the markets
U.S. stocks clung to gains Friday as investors signaled an unwillingness to make any large bets ahead of next week’s talks to avert spending cuts and tax hikes dubbed the fiscal cliff.
Canada’s main index pulled ahead as investors appeared to shrug off worries about the ramifications of the U.S. economy going over the fiscal cliff.
The S&P/TSX Composite Index rose 5.75 points to 12,196.80, while the TSX Venture Exchange gained 2.24 points to close at 1,300.92.
Active stocks included Boeing Co. (NYSE: BA, Stock Forum) and Caterpillar Inc. (NYSE: CAT, Stock Forum), which emerged among the top gainers on the Dow. Boeing was up 3.2% to $73.25, while Caterpillar added 1.5% to close at $84.95.
In Canada, Kinross Gold Corp. (TSX: T.K, Stock Forum) (NYSE: KGC, Stock Forum) tacked on another 1.6% to Thursday’s 9% gain, ending the week at $10.32. Kinross released its financial results after the close of trading, November 7.
TMX Group Ltd. (TSX: T.X, Stock Forum), the owner of the Toronto Stock Exchange, has issued its first financial report since undergoing a strategic reorganization that included the acquisition of the Alpha Trading and CDS businesses and a new ownership structure led by the Maple Group. The stock eased 0.28% to $48.38 on news that TMX is cutting 100 jobs.
For news about small stocks that made big moves in Friday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report