Energy, health-care lead parade
The S&P/TSX composite index spiked 111.11 points to greet noon at 15,449.58. The index is building on a three-session win streak.
The Canadian dollar faded
In the resource sector, Dominion Diamond Corp. says production from its Ekati mine and the Diavik mine that it jointly owns with Rio Tinto PLC were substantially ahead of the company's plan in the second quarter.
For the three months ended
Energy stocks soared, most notably Bellatrix Exploration, whose shares exploded
Health-care issues also fared well, with Valeant Pharmaceuticals chugging along
All but three of the 14 Toronto subgroups were higher by midday, led by energy stocks, gushing 1.5%, while health-care stocks were 0.9% stronger, and financials were richer by 0.7%.
The three laggards were global base metals, down 0.8%, gold, with 0.3% less lustre, and the metals and mining group, down 0.03%.
U.S. stocks advanced Tuesday after a better-than-expected jump in July housing starts and upbeat earnings reports.
The Dow Jones Industrials took on 67.38 points to greet noon at 16,906.12
The S&P 500 added 7.48 points to 1,979.22. The NASDAQ composite gained 9.48 points to 4,517.79
Home Depot Inc. was the biggest gainer in the Dow 30 after the retailer's quarterly results topped forecasts, and Apple Inc. moved up to levels last seen in
In other economic news, the
Prices for 10-year U.S. Treasuries drooped, raising yields to 2.40% from Monday's 2.39%. Treasury prices and yields move in opposite directions.
Oil prices withered
Gold prices plummeted
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Eva Mendes Gives Birth to a Baby Girl
- Hispanic Groups Lead Voter Registration Drive
- Fed Signals It Will Keep Key Rate at Record Low
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Stocks Rise Before Fed Statement
- Occupy Wall Street Buys Up Student Debt
- Cool Features on Today's New iOS 8
- Kohl's Hiring 67,000 for the Holidays