TSX Close: TSX Hangs On To Gains as Energy Stocks Rise, U.S. Markets Stumble

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The Toronto stock market closed higher, paced by energy shares as commodity prices advanced for the second straight session. The S&P/TSX Composite Index finished 30 points higher at 12,830, hitting highs of 12,865 and lows of 12,789.

The energy sector gained nearly 2% led by Canadian Natural Resources (CNQ.TO), Encana (ECA.TO) and Suncor (SU.TO). The telecom and health care sectors were also stronger, offset by losses in technology and utilities.

Other actively traded stocks included B2Gold (BTO.TO, +1.5%), Manulife (MFC.TO, +1%) and BlackBerry (BB.TO, -1%).

Commodities were mostly higher. Gold added $1.90, or 0.1%, to settle at $1,592.60 an ounce on the Comex division of the New York Mercantile Exchange, gaining 1% for the week. April crude tacked on 0.5% to settle at $93.45. For the week, oil was up 1.6%.

U.S. stocks finished lower following a weak reading on consumer confidence, ending a 10-session winning streak for the Dow Jones Industrial Average.



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.

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This article appears in: Investing , Commodities

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