Canada Stocks Firms Position At 18 Month Highs; RIM Again The Main Driver, Rogers May Be Scoring With NHL


Canada's main stock market, the Toronto Stock Exchange, firmed its position at 18 month highs with another near 30 points of gains Tuesday, with Research In Motion (RIM.TO) again the main driver.

RIM may not have got close to the year high of $18.49 hit Monday - when it drove the TSX to what were then 18 month high levels - but it still nearly 2% today on news its Blackberry 10 phones will be sold by Wal-mart ( WMT ) in Canada, and possibly the U.S. More than 12.5 million RIM shares traded.

Another heavily traded stock was Rogers Communications (RCI-B.TO). While it may have only gained 1 cent to $46.15, it traded near a year high $46.45 with more than 10 million shares traded. It may be boosted by the return of National Hockey League coverage on TV.

"Oil futures closed above $96 a barrel Tuesday, with the expiring February contract logging its highest settlement since Sept. 18," MarketWatch reported.

MarketWatch also reported: "Gold futures climbed Tuesday to settle at their highest since mid-December, with investors focusing on the metal's safe-haven appeal after disappointing U.S. economic data and the Bank of Japan's decision to loosen its monetary policy."

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: WMT

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by