Canada's main stock market, the Toronto Stock Exchange, opened
50 points higher than the previous close and continued to rise
through most of the session, closing nearly 80 points higher.
However, there was some late profit taking that took nearly 20
points off gains.
The Mining sector led the way, buoyed by trade data out of China
that suggested the economy there may be recovering, raising hopes
for increased demand for Canadian commodities.
Bombardier (BBD-B.TO) was most active for the second straight
day, yesterday with more than 10 million shares traded and today
with more than 16 million traded. It added another nine cents to
the 4 cents gained yesterday when announcing that it delivered 233
aircraft during the 2012 calendar year, compared to 245 aircraft
deliveries in the previous fiscal year, the 11-month period ended
December 31, 201. The company also received orders for 481
aircraft, net of cancellations, compared to 249 orders, net of
cancellations, for the previous fiscal year.
Capstone Mining Corp. (CS.TO) jumped 10% with more than 10
million shares traded after today announcing the operating results
for the three and twelve months ended December 31, 2012 of its two
operating mines, Cozamin and Minto. Combined production totalled
19.7 and 82.8 million pounds of copper in concentrates in the
fourth quarter and full year 2012, respectively, with additional
by-products of zinc, silver, gold and lead.
Oil futures settled higher Thursday, nearing $984 a barrel,
after strong export data from China. A weaker U.S. dollar also
spurred oil demand. February crude futures rose 72 cents to $93.82
Gold futures settled higher Thursday, rising 1.4% on
better-than-expected export data from China and a weaker U.S.
dollar. February gold settled at $1,678 an ounce.
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