Canada's main stock market, the Toronto Stock Exchange, opened
around 140 points higher than the previous close on news a U.S.
fiscal deal had been reached. While it didn't manage to hold on to
all of these gains during Wednesday's first full session of 2013,
it did post nine month highs and still finished the day more than
100 points higher.
All sectors were higher, led by Metals & Mining, which was
Two of the most actively traded stocks from the pre-Christmas
period were again the most active today. Uranium One (UUU.TO)
appears to be still buoyed by news that a pro-nuclear energy party
won the recent Japan election. Bombardier (BBD-B.TO) flew more than
2% higher. Both saw nearly 8 million shares traded.
Oil settled higher Wednesday following a relief rally as
Washington lawmakers passed measures to avoid automatic tax hikes
and spending cuts meant to kick in with the new year, MarketWatch
reported. Crude oil for February delivery rose US$1.30 to settle at
$93.12 a barrel on the New York Mercantile Exchange. Gasoline and
heating oil futures also settled higher with 1.2% and 0.5% gains,
Gold futures settled higher Wednesday after Washington leaders
passed measures to avoid automatic tax hikes and spending cuts set
to kick in with the new year, MarketWatch reported. Gold for
February delivery settled up US$13 at $1,688.80 an ounce on the New
York Mercantile Exchange. Other metals finished higher with
platinum for April delivery up 1.7% at $1,568.00 an ounce, and
palladium for March delivery up 0.7% at $707.95 an ounce.
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