The S&P/TSX index was higher in the first half hour of
trading -- approaching triple digits -- as bargain hunters are
showing signs of reentering a market that has been heavily bruised
in recent weeks.
Firmness in most commodities this morning, and a willingness
expressed by the ECB to possibly ease monetary policy in future
days, was also lending support.
At 09:35 a.m. (
), the index was up 97 points, 0r 0.8%, at 11,605. Advancing shares
outpace decliners 224 to 89. The energy sector was the top gainer,
rising 3.2%, followed by materials, with a gain of 2.8%.
Barrick Gold (ABX.TO) shares were up 1.9%, or 82 cents, at
$44.52. The company announced it has appointed CFO Jamie Sokalsky
as its new CEO in an effort to boost its sagging stock price.
Also on the move is Laurentian Bank (LB.TO), rising 4% at
$42.88, following its earnings report and dividend boost this
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