Canada Stocks Close Higher; Most Sector Up Led By Financials; Athabasca Oil Corporation Most Active

By
A A A

Canadian stocks climbed higher on Tuesday continuing the uptrend that has seen the TSX climb more than 5% in October. Most sectors were higher led by Financials and Industrials while Metals and Mining were a drag on the broader markets.

Bank Stocks led the move higher on Tuesday as expectations that the Fed will continue to apply stimulus to the U.S. economy combined with signs of renewed strength in Canada's housing sector have pushed several bank stocks to record highs.

Athabasca Oil Corporation(ATH.TO)was the most active share on the TSX with no fresh specific stock news driving volume. The stock closed up 0.31 % with 7 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

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

55,414,702
  • $15.38 ▼ 0.39%
38,503,210
  • $66.34 ▲ 2.26%
36,466,704
  • $8.36 ▼ 9.52%
35,253,294
  • $26.55 ▲ 1.34%
32,752,347
  • $6.55 ▲ 1.87%
31,778,001
  • $95.22 ▲ 0.19%
28,396,556
  • $51.49 ▼ 0.62%
23,800,987
  • $42.09 ▲ 0.97%
As of 7/11/2014, 04:03 PM