Toronto stocks were up Thursday, establishing a new record high for the third time this week, on higher resource prices.
The S&P/TSX composite index gained 42.90, or 0.35%, to 12,342.02. The index has gained 1.9% on the week, so far.
Six of the 10 TSX main sub-groups were up, with the materials index gained 1.52%.
The futures contract for gold ended up $7.20 to end at US$599.70 an ounce on the New York Mercantile Exchange. Bullion traded above $600 during intraday trading, its highest level in a quarter century.
Barrick Gold Corp. was up 75¢, or 2.24%, to $34.22.
The energy index was up a relatively modest 0.12% after recent sizzling gains. Crude for May delivery gained 87¢ at $67.94 a barrel.
EnCana Corp. lost 71¢, or 1.26%, to $55.50.
The Canadian dollar closed up 0.63 of a cent to US86.70¢.
The S&P/TSX Venture Exchange index gained 47.20, or 1.58%, to 3,036.92, breaking through the 3,000-point plateau and establishing a new all-time high.
In New York, markets ended mixed ahead of the upcoming release of the March employment report.
The Dow Jones industrial average was down 23.05 points at 11,216.50. The Nasdaq Composite rose 1.42 points to 2,361.17. The S&P 500 Index fell 2.52 points to 1,309.04.
Resources lift TSX to another new high
Intraday trading of gold reaches highest level in 25 years
- By: Rudy Mezzetta
- April 6, 2006 April 6, 2006
- 16:07