North American markets closed higher Tuesday, as a positive U.S. economic report gave investors hope that the domestic economy still had strength.
The S&P/TSX composite index is up 59.68, or 0.52%, to 11,642.
Six of the 10 TSX main sub-groups were down, but the energy index moved up 2.36%.
The benchmark November contract for light, sweet crude closed down 44¢ at US$61.01 a barrel, after hitting a high of $62 in intra-day trading.
Petro-Canada gained $1.09, or 2.56%, to $43.69.
The materials index shot up 2.33%, and the gold index surged 2.90%
The benchmark December gold contract rose $1.20 to US$597.10 an ounce.
Cambior Inc. gained 9¢, or 2.34%, to $3.93.
The financials sector was down 0.88%. Toronto-Dominion Bank lost 31¢, or 0.47%, to $65.76.
The Canadian dollar climbed 0.21 of a cent to US89.78¢.
Markets close higher on positive news
Economic report from U.S. fuels optimism
- By: Rudy Mezzetta
- September 26, 2006 September 26, 2006
- 16:10