The Toronto stock market closed higher as Chinese economic
growth accelerated and Research in Motion (RIM.TO) was upgraded by
analysts. Market sentiment was positive as U.S. stocks reached
their highest levels since 2007.
The S&P TSX Composite Index finished 50 points higher at
12,725, off session highs of 12,751 as the index lost some momentum
near the end of the trading day.
Tech stocks led the charge, rising 1.3%, though most of the
TSX's sub-sectors were positive.
RIM shares gained 7% in heavy trading after analyst at Jeffries
& Co upgraded the stock to "buy" from "hold" and raised the
U.S. price target to $19.50 from $13 a share.
Commodities were mixed, though little changed. February gold
fell $3.80, or 0.2%, to settle at $1,687 an ounce on the Comex
division of the New York Mercantile Exchange. Gold gained 1.6% for
the week. February crude oil rose 7 cents, or 0.1%, to settle at
$95.56 a barrel, with a weekly gain of 2.1%.
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