TSX At 4pm -- Up 78 Points, Boosted By Tekmira and Magna

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Canada's main stock market, the Toronto Stock Exchange,closed 78 points today despite news of the US intervening in Iraq (albeit on a humanitarian basis), and the resumption of hostilities between Israel and Hamas.

Gold is down slightly, to US$1,311, and silver is also down, to $19.95.

The Canadian index also appeared to shrug off the latest Statistics Canada report on employment -- with a meagre 200 jobs being created in May, against the expected 20,000.


Healthcare stocks remained the most notable advancer, up 2.2%, boosted by Tekmira Pharmaceuticals (TKM.TO) which closed the day 43% higher, but off year highs,after U.S. regulators partially lifted a hold on its experimental Ebola drug. Also, miners and energy were up 0.95% and 1.71%, respectively, tracking copper and crude oil prices . Commodities seemed to have benefited from the worsening crisis in Iraq and from upbeat Chinese trade data showing a surplus.

Magna (MG.TO) hit a new year high of $122.61, after boosting its sales outlook. SNC-Lavalin (SNC.TO) fell nearly 3% after Q2 profit missed analysts' estimates on declining revenue.



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This article appears in: Investing , Commodities

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