Canada Stocks Close Higher; Metals and Mining Lead Broader Markets; Kinross Gold Corporation Most Active

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Canada stocks closed higher on Thursday up 81 points, most sectors were higher lead by Metal and Mining along with Healthcare.

The TSX was buoyed by positive quarterly results from mining firms, including Agnico Eagle Mines Ltd, which jumped more than 16 percent on estimate-beating quarterly results and a higher production forecast. Mining firms made up 4 or the top 5 most active on the TSX. Gold prices gave mining shares a boost closing up $13 to $1,347 on the COMEX Exchange.

Technically the TSX continues to look strong but the RSI (relative strength index) is flashing a warnings signal. The RSI is an index that compares the current price level to the past 14 days and generates an index from 1-100. Levels above 70 are considered overbought and the current print at 74, could be a sign that the index is poised to correct.


Kinross Gold Corporation (K.TO)was the most active share with no fresh stock specific new driving volume. The stock closed up 3.5% with 10 million shares changing hands.



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

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Most Active by Volume

67,229,697
  • $6.92 ▲ 2.98%
62,300,027
  • $16.985 ▲ 1.58%
62,003,743
  • $6.5599 ▲ 4.46%
60,596,364
  • $100.95 ▲ 0.97%
59,592,383
  • $7.56 ▼ 0.26%
57,454,730
  • $24.4172 ▼ 0.30%
52,496,441
  • $17.835 ▲ 55.22%
45,295,162
  • $18.005 ▼ 4.48%
As of 12/17/2014, 03:05 PM


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