Canada Stocks Close 21 Points Higher, Miners Lead The Charge, Advancing 1.8%

By
A A A

Canada's main stock market, the Toronto Stock Exchange, on Thursday closed nearly 21 points higher, with miners firmly in the lead -- up 1.8%. The sector was buoyed by higher commodity prices today, and also boosted by Potash Corp's (POT.TO) results. Potash posted a better than expected Q1 earnings. The company raised its full year earnings forecast -- from $1.40 to $1.80 per share, to $1.50 to $1.80 per share.

Nautilus Minerals (NUS.TO), which has been locked in an arbitration dispute with the Papua New Guinea government since 2011, announced that its PNG project will now proceed with the government's agreement. Its shares closed 71% higher.

Healthcare was the next biggest gainer, up 0.85%.


Energy was the sole loser at the end of the day, down 0.63%. Natural gas prices fell 0.7%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com