Surging Gold, Silver Commodity Prices Boost Mining Stocks, Lifting Canadian Markets Higher

By Midnight Trader,  October 04, 2012, 12:40:32 PM EDT

Canadian stocks are up today, with all 10 industry sectors in the S&P/TSX Composite Index flat to higher. The strongest performance is coming among gold producers and other mining stocks, helped along by a rise of nearly 1% each in the price of gold and silver futures today. Tech stocks are the relative laggards, being flat.

Here's where the Canadian markets stand today:

- S&P/TSX Composite Index up 70.71 (+0.57%) to 12,430.18

- S&P/TSX Venture Composite Index up 7.59 (+0.57%) to 1,332.81

In company news, shares of EnCana Corp (ECA, ECA.TO) are down more than 1% on the TSX, giving back small gains earlier in the session after the natural gas producer was hit with a downgrade to Sell and a $20 a share price target at Deutsche Bank.




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.


This article appears in: Investing, Commodities

Referenced Stocks:



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