TSX Close: Toronto Stocks Rally to Triple Digit Gain

By MT Newswires, May 23, 2012, 04:00:42 PM EDT

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Canada's main stock market rallied in afternoon trading to a triple digit gain, bouncing back from earlier losses.

The S&P TSX Composite Index closed up 113 points to 11,564 after hitting a low of 11,260 on Wednesday morning.

The TSX's materials sector led gainers, advancing more than 3%. Consumer and health care issues were also higher.

Financials were mixed with heavily traded Manulife Financial (MFC.TO) losing ground and Bank of Montreal (BMO.TO) rising.

Gold stocks rallied, including Eldorado Gold (ELD.TO) and Barrick Gold (ABX.TO).

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

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